đ **Hong Kong Launches Asiaâs First Bitcoin Futures Inverse ETF!** đ
On July 23, Hong Kong will debut the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK), Asiaâs first Bitcoin futures inverse ETF! This innovative product by China Southern Asset Management Co., Ltd (CSOP) offers investors a unique chance to profit from Bitcoin price drops.
đ **How It Works** đ
Listed on the Hong Kong Stock Exchange at approximately 7.8 HKD per unit, this ETF mirrors the inverse daily performance of the S&P Bitcoin Futures Index using a futures-based replication strategy.
đ **CSOPâs APAC Expansion** đ
This launch follows CSOPâs successful Bitcoin Futures ETF (3066.HK) and marks another milestone in their Asia-Pacific growth. With a market share of 99% in Leveraged and Inverse products, CSOP continues to lead the way!
Stay tuned, BTC enthusiasts! đ€
