Asia's first inverse bitcoin ETF will be launched in Hong Kong. The fund provides a profitable strategy in the event of a fall in the price of Bitcoin. Bloomberg writes about it.
The issuing company, CSOP Asset Management, plans to raise $50-100 million within two years on a new product, as well as issue an inverse Ethereum ETF.
According to Bloomberg, the total assets accumulated by six crypto ETFs in Hong Kong are currently $362 million. By comparison, spot bitcoin ETFs launched in the United States in January have so far amassed more than $60 billion in assets.
Inverse cryptocurrency exchange products in the world this year brought in about $106 million.
