Hong Kong Stock Exchange to Launch Asia’s First Bitcoin Inverse ETF Managed by CSOP on July 23

The Hong Kong Stock Exchange (SEHK) will launch Asia’s first Bitcoin inverse ETF on July 23. Managed by CSOP Asset Management Limited, the 'Bitcoin Futures Daily (-1x) Inverse Product' aims to provide the inverse performance of Bitcoin through short positions in CME futures.

This new ETF allows investors to bet against Bitcoin, even as it rallies due to US President Joe Biden’s decision to abandon his reelection bid. This product offers both retail and institutional investors a regulated means to profit from declines in Bitcoin's value.

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