ChainCatcher news, according to Dongwang, the inverse product FI Bitcoin issued by Southern East Bank has been listed on the Hong Kong Stock Exchange, becoming Asia's first inverse cryptocurrency ETF. It is reported that the product is a futures-based simulated investment strategy, directly investing in the recently expired monthly Bitcoin futures traded on the Chicago Mercantile Exchange (CME), with a listing price of about HK$7.8 per unit, 100 units per lot, an annual management fee of 1.99%, and an initial subscription size of US$30 million (about HK$2.34 billion).

In addition, according to Ding Chen, CEO of Southern East Bank, in an interview with foreign media, Southern East Bank will also work hard to launch an inverse Ethereum ETF.