Bitcoin ETF Planned for Launch on Korea Stock Exchange
- A new exchange traded fund (ETF) tracking the value of bitcoin is reportedly planned for launch on Korea Exchange.
A new exchange traded fund (ETF) tracking the value of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is reportedly planned for launch on Korea Exchange next year.
According to Korean news site Chosunbiz, the fund is to be launched by Korea Investment Trust Management, a Seoul-based asset management firm overseeing over $20 billion in investments.
The fund could become the world’s first bitcoin ETF to trade on a fully regulated venue. Bitcoin Investment Trust (BIT), the world’s first publicly traded instrument offering direct exposure to bitcoin prices, debuted for trade on the US OTC Markets in May. It is working to upgrade to higher reporting standards, and hopes to eventually upgrade into a fully regulated ETF. Winklevoss Bitcoin Trust, planned for the NASDAQ, is still holding in the approval stages.
Also launched in May was Bitcoin Tracker One, an exchange traded note (ETN) managed by Sweden-based XBT Provider, traded on the Stockholm Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term.
The Korean ETF would reportedly track prices based on Korbit, the largest of South Korea’s bitcoin exchanges. It secured $3 million in Series A funding one year ago.
The ETF would launch sometime next year, subject to the the approval of the Financial Supervisory Service (FSS), the country's financial regulator.
Korea Exchange, amalgamated out of Korea Stock Exchange, Korea Futures Exchange and KOSDAQ Stock Market, is South Korea’s only securities exchange operator.
Finance Magnates has requested additional details from Korea Investment Trust Management.
A new exchange traded fund (ETF) tracking the value of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term is reportedly planned for launch on Korea Exchange next year.
According to Korean news site Chosunbiz, the fund is to be launched by Korea Investment Trust Management, a Seoul-based asset management firm overseeing over $20 billion in investments.
The fund could become the world’s first bitcoin ETF to trade on a fully regulated venue. Bitcoin Investment Trust (BIT), the world’s first publicly traded instrument offering direct exposure to bitcoin prices, debuted for trade on the US OTC Markets in May. It is working to upgrade to higher reporting standards, and hopes to eventually upgrade into a fully regulated ETF. Winklevoss Bitcoin Trust, planned for the NASDAQ, is still holding in the approval stages.
Also launched in May was Bitcoin Tracker One, an exchange traded note (ETN) managed by Sweden-based XBT Provider, traded on the Stockholm Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term.
The Korean ETF would reportedly track prices based on Korbit, the largest of South Korea’s bitcoin exchanges. It secured $3 million in Series A funding one year ago.
The ETF would launch sometime next year, subject to the the approval of the Financial Supervisory Service (FSS), the country's financial regulator.
Korea Exchange, amalgamated out of Korea Stock Exchange, Korea Futures Exchange and KOSDAQ Stock Market, is South Korea’s only securities exchange operator.
Finance Magnates has requested additional details from Korea Investment Trust Management.