Southern Eastern Ying will launch Asia's first inverse Bitcoin ETF in Hong Kong

ChainCatcher news, according to Bloomberg, the CEO of China Southern Asset Management Company (CSOP) stated that the first cryptocurrency-linked inverse ETF in the Asia-Pacific region will be launched on Tuesday morning in Hong Kong------CSOP Bitcoin Futures Daily (-1x) inverse product.

It is reported that an inverse ETF, also known as a short ETF or bear ETF, is an exchange-traded fund that uses leveraged investment tools such as index futures and swap contracts to achieve a daily tracking of the target index's returns at an inverse multiple (such as -1x, -2x, or even -3x).