**Hong Kong Launches Asia's First Bitcoin Inverse ETF**

Hong Kong is set to debut Asia's first Bitcoin futures inverse product on July 23. The CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK), developed by China Southern Asset Management Co., Ltd (CSOP), aims to let investors profit from Bitcoin price drops.

- **Product Details**: This ETF mirrors the inverse daily performance of the S&P Bitcoin Futures Index using CME Bitcoin Futures.

- **Listing Info**: Priced at around 7.8 HKD per unit, it will be listed on the Hong Kong Stock Exchange (HKEX).

This follows CSOP's successful Bitcoin Futures ETF launch in December 2022, marking another milestone in their Asia-Pacific expansion.