South Korean annuity asset to put resources into Bitcoin ETF

October 27, 2021

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KTCU plans to put resources into Bitcoin ETF items after an interview with homegrown resource directors,” a leader apparently said.

South Korea’s public annuity reserve, the Korean Teachers’ Credit Union (KTCU), is allegedly hoping to acquire openness to Bitcoin (BTC) by means of a crypto trade exchanged asset (ETF).

KTCU, one of the biggest institutional financial backers in South Korea, is thinking about putting resources into an unadulterated Bitcoin ETF or Bitcoin-connected ETFs in the principal half of 2022, neighborhood news office The Korea Economic Daily revealed Monday.

As per the report, KTCU is thinking about putting resources into a few Bitcoin ETF items, including those by South Korean resource the executives firm Mirae Asset Global Investments. The organization dispatched two ETFs following the worth of Bitcoin fates by means of its Canadian auxiliary, Horizons ETFs, in April 2021.

“As there are some all-around made digital currency connected ETF items by resource administrators like Korea’s Mirae Asset Global Investments, we intend to put resources into the ETF items after meeting with homegrown resource directors,” a chief at KTCU supposedly said.

The authority additionally referenced likely interest in a Bitcoin ETF by Mirae Asset’s auxiliary, Global X ETFs, which petitioned for a Bitcoin ETF with the United States Securities and Exchange Commission in July.

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