Samsung Bitcoin Futures ETF Rises 200% in 1 Year and 2 Months

Due to Bitcoin's sharp rise, the Bitcoin Futures ETF has doubled its value in just 1 year and 2 months since its listing.

Samsung Asset Management's "Samsung Bitcoin Futures Active ETF," listed on the Hong Kong market in January last year, recorded a return of 208% in 1 year and 2 months. It has risen 53% just this year.

The rise of the Samsung Bitcoin Futures Active ETF is a result of increased investor interest as the recent Bitcoin spot price surpassed the all-time high of $68,990 recorded in November 2021 after 2 years and 4 months. Since the U.S. Securities and Exchange Commission (SEC) approved the listing of Bitcoin spot ETFs earlier this year, the anticipated increase in demand for physical Bitcoin has become prominent. As the halving event (which reduces supply by half) scheduled for April approaches, Bitcoin prices have reached new all-time highs.

The net assets of the Samsung Bitcoin Futures Active ETF also grew about sixfold from $2.5 million at the time of listing to $15.6 million.

The Samsung Bitcoin Futures Active ETF operates through an indirect investment method by investing in Bitcoin futures listed on the Chicago Mercantile Exchange (CME) instead of investing directly in Bitcoin spot.

This approach frees investors from risks such as settlement accidents that can occur during Bitcoin spot trading, bankruptcy of spot exchanges, and hacking. It is positively evaluated by general securities investors because it allows convenient investment using existing securities accounts without the need for cryptocurrency wallets.

Yujin Hwan, head of the Global Strategy Planning Team at Samsung Asset Management, stated, "Bitcoin is rapidly settling into the institutional financial system in the form of spot ETFs, and investor expectations for the recent upward trend have increased." He added, "Domestic investors are also showing great interest in the Samsung Bitcoin Futures Active ETF, which can be conveniently traded during regular daytime hours." However, he emphasized, "It is necessary to have an investment strategy that fully considers the high price volatility of Bitcoin assets."

The Samsung Bitcoin Futures Active ETF can be traded from 10:30 AM to 5:00 PM Hong Kong time, which corresponds to the opening hours of the Hong Kong stock market in Korean time. Investors can trade by selecting Hong Kong as the trading country in the overseas stock section of HTS or MTS overseas securities trading accounts.