Samsung launching Bitcoin futures ETF was a right time to do so
hive-167922·@adedayoolumide·
0.000 HBDSamsung launching Bitcoin futures ETF was a right time to do so
Hello Hello! Samsung the biggest Hong Kong-based product and one of the largest Investments management across all Asia is set to offer Bitcoin with provision of Bitcoin exchange traded funds (ETF) to investors across Asia. [source](https://unsplash.com/photos/34uOaL1He4w) The Samsung management set to list the new Investments of Bitcoin futures ETF in Hong Kong exchange on January 13th to compete HKEX, the Hong Kong Exchange. And it's the only exchange in Asia that offer Bitcoin futures. At time of writing Bitcoin trading at $20,960 which is great move for the market and I think it a great time for Samsung coming to the market, because rally will make this Bitcoin futures ETF exchange be alive. Although last year December Hong Kong stock market come with ETFs with Bitcoin futures for exchange and with Ethereum future ETF by HKEX, which is quite different from the one Samsung Bitcoin futures ETF. Samsung Bitcoin Bitcoin ETF will not based only on Bitcoin Investments for it investors but also give them primarily access to contract Traded on the Chicago Mercantile exchange and also have access on benchmark crypto assets. Aside the strategy of exposure through another exchange with 100% of sub-Funds net assets in Bitcoin futures on Chicago Mercantile exchange, Samsung Hong Kong will do it in unique way for investor to trade and have less gas fee for transaction as low as 0.89% per year with good scalability. Samsung laughing this Bitcoin futures ETF at right time Bitcoin is rally. I think this is a great market strategy to put people's focus on the launch ETF doing this at right time. Bitcoin going higher again is a good sign the market is awake and that affect the entire Crypto to have more gain in 48 hours, but not sure if we are going to see this more higher in next few weeks, or there is someone behind the pump. But I believe Crypto is at the edge to raise again. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@adedayoolumide/samsung-launching-bitcoin-futures-etf-was-a-right-time-to-do-so)
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