Hot on the heels of its Bitcoin futures exchange-traded fund (ETF) in Hong Kong, Samsung Asset Management has stated that it is exploring launching a spot Bitcoin ETF on the city exchange, subject to laws allow it. This announcement comes shortly after Samsung Asset Management launched its Bitcoin futures ETF in Hong Kong.

In a recent interview with Bloomberg published on January 13, it was reported that Sam Park, the CEO of Samsung Asset Management in Hong Kong, was recently quoted as saying: “It really depends on how the policy is going to be implemented.” . created.”

He stated that making Hong Kong a hub for Bitcoin business is “clearly” the goal of the administration in charge of city affairs in Hong Kong.

Rebecca Sin, an ETF analyst at Bloomberg Intelligence, made the observation that “Hong Kong is well positioned to become Asia’s crypto gateway.” She anticipates that Bitcoin and Ether (ETH) spot products will be allowed there by the end of the year. Sin’s statement was made in reference to the fact that Sin believes Hong Kong is well positioned to become Asia’s crypto gateway. The basis of Sin’s forecast was the assertion that Hong Kong is “ideally positioned to become Asia’s crypto gateway.”

On January 13, Samsung introduced an exchange-traded fund (ETF) that will invest in Bitcoin futures on the Hong Kong exchange and clearing market. The Hong Kong Exchange and Clearing Market is the only exchange in Asia that currently offers Bitcoin futures ETF trading. This distinction currently belongs to Hong Kong.

Additional interest has been shown in Hong Kong futures exchange-traded funds (ETFs), such as the $73.6 million that was invested in two ETFs managed by CSOP Asset Management ahead of their December 16 listing. This investment is one example of the additional interest that has been shown in Hong Kong futures ETFs.

Many people attribute the fact that so much bitcoin activity takes place in countries other than the United States to a lack of clarity in applicable laws. Because of this, legislators are advocating for crypto legislation to be enacted as quickly as possible in practice.