Last night (August 19), the cryptocurrency market saw its strongest rebound since March of this year. $Bitcoin (BTC.CC)$ Prices surged suddenly, briefly breaking through the $70,000 mark to hit a new high since early June.[1]
Massive short squeeze: Over $1 billion in positions liquidated within one hour
The most notable feature of this rebound was the largest wave of short liquidations since 2021. Data from Coinglass shows that the rapid price increase triggered over $1 billion in liquidations within an hour. Analysts generally believe this rally reflects an excessive concentration of short positions; once prices turned upward, forced buybacks further amplified the gains.[1]
Resonance of three catalysts: Policy, liquidity, and institutional capital join forces
This rebound was driven by multiple factors:
1. U.S. Treasury expands bond buyback scale
The U.S. Treasury announced it will increase the size of its long-term bond buyback operations from $2 billion to at least $4 billion, effective September 9. This move has pushed down yields on U.S. long-term Treasuries and weakened the U.S. dollar, reducing the opportunity cost of holding non-yielding assets like Bitcoin.[2]
2. White House Crypto Meeting Ignites Regulatory Optimism
The U.S. Securities and Exchange Commission (SEC) proposed a new plan this week to allow certain digital asset issuances to be exempt from filing securities registration statements. The SEC stated that these exemptions are primarily targeted at companies in the startup and fundraising stages, aiming to lower financing barriers for such entities. Previously, legislative progress on cryptocurrency market structure in the U.S. Congress had stalled. [3]
3. Continued Inflow of Institutional Capital
The institutional funding landscape is also sending positive signals. On August 19, Bitcoin ETFs saw inflows of $297.56 million, ending three consecutive days of outflows [4], adding extra demand momentum to the rebound.
3135 HK: A Compliant and Convenient Tool for Participating in the Bitcoin Rebound
For investors looking to capture opportunities from the Bitcoin rebound but wishing to avoid the direct risks of wallet management, private key security, and exchange safety concerns,Samsung Bitcoin Futures Active ETF (3135 HK) offers a compliant, transparent, and convenient solution.
Core Product Advantages:
Regulated Futures Market: Invests in CME Bitcoin futures regulated by the U.S. Commodity Futures Trading Commission (CFTC), without directly holding Bitcoin, thereby eliminating wallet management and private key risks
Active management strategy: Fund managers can flexibly adjust the timing of contract rollovers based on market conditions to manage the costs associated with rolling over futures contracts
Approved by the Hong Kong Securities and Futures Commission (SFC): Listed on the Hong Kong Stock Exchange (HKEX), protected under the Hong Kong regulatory framework, and traded like regular Hong Kong stocks
Source:
[1] Chain Catcher, August 20, 2026
[2] Bloomberg, as of August 20, 2026
[3] Zhitong Finance, August 20, 2026
[4] Crypto Economy, August 19, 2026
[5] Samsung Asset Management (Hong Kong), as of August 20, 2026
Important Information
• Investing involves risks. Past performance is not indicative of future results. Fund prices may rise or fall, and investors may suffer all or substantial investment losses. Investors should not rely solely on this information to make any investment decision.
• The Samsung Bitcoin Futures Active ETF is a sub-fund of the Samsung ETF Trust III. Its investment objective is to provide investment opportunities that economically participate in the value of Bitcoin, primarily by investing in front-month Bitcoin futures contracts listed on the Chicago Mercantile Exchange (“CME”). The Sub-Fund will not invest directly in Bitcoin, nor will it receive any Bitcoin from CME Bitcoin futures. There is no guarantee that the Sub-Fund will achieve its investment objective.
• The Samsung Bitcoin Futures Active ETF is a futures-based active exchange-traded fund (ETF) subject to risks associated with: (i) derivatives; (ii) extreme price volatility; (iii) potentially high roll costs for CME Bitcoin futures; and (iv) operational risks related to CME Bitcoin futures (such as margin risk and the risk of mandatory actions imposed by relevant parties), which differ from those of traditional ETFs.
• Key risk factors that the Samsung Bitcoin Futures Active ETF may face include general investment risk; active management risk; Bitcoin-related risks (including risks associated with new innovations, unforeseen risks, price volatility, limited historical data for Bitcoin and CME Bitcoin futures, trading in less regulated venues, fraud, market manipulation, security breaches, changes in Bitcoin acceptance, regulatory risks, fork risks, airdrop risks, contagion risks, etc.); Bitcoin futures-related risks (including market risk, liquidity risk, risks related to Bitcoin futures position limits, roll risk and contango risk of futures contracts, risk of significant decoupling from Bitcoin’s spot/current market price, risk of mandatory actions by relevant parties, price limit risks, leverage risk, risk of clearing house failure, etc.); new product risk; concentration risk; risks of distributions in other currencies; risks of distributions paid out of capital or effectively out of capital; trading risk; risks due to different trading hours; reliance on market makers and liquidity risk; and termination risk. Please note that the investment risks listed above are not exhaustive. Investors should carefully read the product prospectus, product key facts statement, and related sales documents before making any investment decisions to understand details such as product features, risk factors, and distribution policies.
• The aforementioned fund has been authorized by the Securities and Futures Commission (the “SFC”) of Hong Kong. Such authorization does not imply official endorsement of the product. This information is for reference only and does not constitute an offer or solicitation to any person to buy or sell any product or adopt any investment strategy.
• The manager may, at its discretion, make cash distributions to unit holders from capital or total income (while charging all or part of the product’s fees and expenses to the product’s capital / paying them from the product’s capital), thereby increasing distributable income to fund distributions, effectively resulting in distributions being paid from capital.
• Paying distributions from capital or effectively from capital is equivalent to investors receiving a return of part of their original investment or withdrawing part of their original investment or capital gains attributable to that original investment. Any practice involving payment of distributions from the product’s capital or effectively from the product’s capital may result in an immediate reduction in the net asset value per unit.
• This document is prepared by Samsung Asset Management (Hong Kong) Limited (SAMHK) and has not been reviewed by the SFC or any other regulatory authority. Investors should determine whether any investment product or strategy is suitable for them based on their personal financial situation, investment experience, and objectives. If you have any questions regarding this information, you should seek professional advice as needed.
• Certain information contained herein has been compiled from third-party sources. SAMHK has made reasonable efforts to ensure the accuracy, completeness, and timeliness of such information and has taken measures to accurately reproduce it; however, SAMHK assumes no responsibility or liability for the accuracy of such information, its use, or reliance thereon. This content may contain forward-looking statements based on SAMHK’s opinions, expectations, and assumptions. SAMHK undertakes no obligation to update or revise any forward-looking statements, and actual results may differ materially from those anticipated in such statements. All copyright in the content of this material (including all data, images, code, text, logos, and designs) belongs to SAMHK. No part of this material may be reproduced or redistributed without SAMHK’s prior consent.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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