TechFlow reported that the inverse product FI Bitcoin issued by CSOP has been listed on the Hong Kong Stock Exchange, becoming the first inverse cryptocurrency ETF in Asia. The product adopts a futures-based simulated investment strategy and directly invests in the Chicago Mercantile Exchange's recently expired monthly Bitcoin futures. The product is listed at a price of approximately HK$7.8 per unit, with 100 units per lot, an annual management fee of 1.99%, and an initial subscription size of US$30 million.
Ding Chen, CEO of CSOP, said the company will also work to launch an inverse Ethereum ETF to further expand its cryptocurrency ETF product line.
