Hong Kong Launches Asia’s First Inverse Bitcoin ETF, Allowing Investors to Short BTC
- Hong Kong is set to launch the Asia-Pacific region’s first crypto-linked inverse ETF.
- The CSOP Bitcoin Futures Daily (-1x) Inverse Product is expected to attract between $50 million and $100 million in assets.
- The launch of the inverse ETF comes as Bitcoin surges to $68,480, with hopes of $100K.
Hong Kong is set to launch the Asia-Pacific region’s first crypto-linked inverse ETF, allowing investors to bet on a decline in the price of Bitcoin. The CSOP Bitcoin Futures Daily (-1x) Inverse Product, launched by CSOP Asset Management Ltd., will go live on Tuesday morning, providing investors with a unique tool to hedge against potential losses in the world’s largest cryptocurrency.
The launch comes at a time when Bitcoin is experiencing a resurgence, coinciding with Donald Trump’s increasing likelihood of emerging as president of the United States. Bitcoin has rallied to $68,480 today, up from a low of around $53,000 in early July.
Despite these recent gains, investors have experienced a volatile ride this month, and the inverse ETF aims to provide a much-needed risk management tool. CSOP’s CEO, Ding Chen, expects the product to attract significant ass…
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