Convenient Bitcoin Futures Investment Without a Cryptocurrency Wallet
Resolving Various Risks Compared to Bitcoin Spot Investment
Samsung Asset Management announced on the 12th that the 'Samsung Bitcoin Futures Active ETF,' which was listed on the Hong Kong stock market on January 13, recorded a return of 55.8% in about three months since its listing.
The high return of the Samsung Bitcoin Futures Active ETF is analyzed to be influenced by the recent slowdown in interest rate hikes in major countries amid bank-related bankruptcy risks occurring in the US and Europe, with Bitcoin emerging as an alternative asset and its spot price surpassing $30,000 per coin in a strong upward trend.
The Samsung Bitcoin Futures Active ETF is designed to invest in Bitcoin futures products listed on the Chicago Mercantile Exchange (CME) to achieve investment performance similar to Bitcoin spot prices. Since this ETF is listed on the Hong Kong market, domestic and Asian investors who want to invest in Bitcoin ETFs can conveniently invest during Asian time zones. Additionally, it is popular among existing securities investors because it allows easy investment in Bitcoin futures assets in the form of an ETF through securities accounts without the need for a cryptocurrency wallet.
Above all, it has the advantage of eliminating risks such as cryptocurrency exchange bankruptcy and hacking that may occur when investors directly invest in Bitcoin spot. In other words, this product’s key feature is that it tracks the returns of Bitcoin spot while being relatively free from various risks that may arise when investing directly in the spot market.
Park Sung-jin, head of Samsung Asset Management’s Hong Kong branch, said, “Recently, due to bankruptcy risks of banks in the US and Europe, some concerns have arisen about the existing dollar-centered global financial asset system, which seems to have brought renewed attention to Bitcoin, the largest decentralized independent cryptocurrency network.” He added, “In the current situation where many investors are returning to safe assets (Risk-off), the rising price and trading volume of the Bitcoin ETF listed in Hong Kong is also judged to be because Bitcoin is widely recognized in the market as an alternative asset to the US dollar.”
Meanwhile, the Samsung Bitcoin Futures Active ETF can be traded from 10:30 AM to 5:00 PM, when the Hong Kong stock market is open, and can be traded by entering the stock code ‘03135’ or ‘FA SAMSUNG BTC’ in the overseas stock section of HTS or MTS.
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