Samsung Gears Up Interest In Crypto ETFs

When we look at the development side of things we can console ourselves that things are shaping up real good, this helps us have a glance of the long term, there are many indicators ranging from the growing interest big companies have for this emerging technology, the thirst to leverage these networks is a green and bullish long term indicator.

Many things centered on finance are making big moves, advancing towards embracing crypto and blockchain technology, we saw this unravel with the numbers on crypto mortgages, the interest spikes in stablecoin markets and the great FOMO across protocols on building the next big infrastructure, lots and lots more of this is expected in coming times as crypto tends to be an evolving technology.

Samsung Plans To List “Real” Crypto ETF In Hong Kong

This was yesterday and a few stories are told around it. The bigger picture here shows an electronic company looking to expand its basket of investment to make inclusive an emerging technology and daily growth in market size. We've seen many other companies take a similar approach, and of course, this isn't the first one from Samsung as it's been expanding its reach into the metaverse, web3 and crypto at large.

Now we have to be looking at what ETFs are, why companies are going for it, and what applies to growth as per Samsung's case study.

Key Notes:

• ETFs; Exchange Traded Funds are baskets of securities that track a particular index, sector, commodities and in this case, crypto.

• Samsung was founded initially as a trading company in 1938, decades passed and the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the electronics industry in the late 1960s.

With this piece of information, we can assert that this was always a company well into diversified investments, and it's a no brainer that they weren't going to sleep on the developments revolving around cryptocurrencies.

So why are companies chasing crypto ETFs?

To understand this, we have to first understand the cons of most investment portfolios and that is liquidity. With crypto, we have a growing market size that pours in billions in volume on a daily basis, never closes, always actively trading. The demands and developments just keep going, this is a green indicator for these giant companies.

So the reason why companies are bullish on crypto EFTs, is because the growing population that loves liquidity and volume, love crypto, so this is frankly the products the public is buying, thus the idea of a pooled investment tracking crypto.

Now let's look at the case of Samsung and how this "interest" could benefit them.

^{Samsung Asset Management is the largest asset manager in Korea covering all aspects of investments. As per reports from local media, this will be Asia’s first ETF that will involve actual cryptocurrencies. However, the capital market company aims to make itself more approachable to the young and evolving blockchain global market.}

Bullseye, amarite?

We all know Asia to be one of the top locations when it comes to crypto trading, and there are many emerging blockchain companies coming out from this location, this in turn presents itself as a great business hub. The developments are real, and as the day goes by, there's one more strike on the blades and crypto shines sharper...