On July 23, Hong Kong will witness the launch of Asia's first Bitcoin futures inverse product: CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK).

This new exchange-traded fund (ETF) is offered by China Southern Asset Management Co., Ltd (CSOP) and aims to offer investors a way to profit from declines in the price of Bitcoin (BTC).

CSOP continues its expansion in the Asia-Pacific region following the successful launch of CSOP Bitcoin Futures ETF (3066.HK) in December 2022.

This product aims to deliver trading results close to the daily inverse performance of the S&P Bitcoin Futures Index.

What do investors think about this development? Share your opinions in the comments.