Samsung Unveils Bitcoin Futures ETF Amid Escalating Crypto Interest
Hong Kong is the only market in Asia where bitcoin futures ETFs are listed and traded in the institutional market. It will be a new option for investors who are interested in Bitcoin as a competitive product that reflects their experience in risk management.
The Samsung Bitcoin Futures Active exchange-traded fund will invest in Bitcoin futures products that are traded on the Chicago Mercantile Exchange (CME). Its returns are expected to be about the same as spot Bitcoin.
The problem I see with these ETFs is that there is no yield, so it is a pure coin play with no way to gain anything extra.
Listing will happen on 13 January - erm... tomorrow!
Maybe this is what has spiked the BTC price to $18,900.