🚀 **Hong Kong Launches Asia’s First Bitcoin Futures Inverse ETF!** 🚀
On July 23, Hong Kong will debut the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK), Asia’s 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.
📉 **How It Works** 📉
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.
🌏 **CSOP’s APAC Expansion** 🌏
This launch follows CSOP’s 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! 🤑