A Bitcoin exchange-traded fund (ETF) is being introduced by Samsung Asset Management in Hong Kong.

According to a report by Fortune Korea, the Samsung Bitcoin Futures Active ETF (3135:HK) invests in Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME) in an effort to achieve performance that is comparable to spot BTC prices.

Head of Samsung Asset Management’s Hong Kong branch Park Seong-jin states that the “Samsung Bitcoin Futures Active ETF is a competitive product that reflects Samsung Asset Management’s long-term futures-based ETF know-how and risk management experience.”

The most recent collapse in prices for the market has not stopped Hong Kong from trying to become a significant industry hub. Paul Chan, the city’s financial secretary, recently reaffirmed this commitment and said that Hong Kong would try to attract new companies from all around the world. The CSOP Bitcoin Futures ETF, the first Bitcoin-linked ETF in the area, went live last month.

With this development, both institutional and retail investors can benefit from price exposure through a regulated onramp. As a result, Samsung’s Hong Kong investment product promises to increase exposure and knowledge of Bitcoin in the region.

However, while investors can now gain exposure to swings in Bitcoin’s fiat price through an ETF, they will not own the underlying asset.

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