Bitcoin ETF

<ul><li>Hong Kong launches Asia&#39;s first Bitcoin futures inverse ETF, CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK).</li><li>The ETF profits from Bitcoin price declines by taking short positions on CME Bitcoin futures contracts.</li><li>Trading starts on HKEX on July 22, with an initial price of 7.8 HKD per unit.</li></ul>Hong Kong is set to make history with the <a href="https://csop-pdf-bucket1.s3.ap-east-1.amazonaws.com/upload/pdf/875c3f10-0b14-4d53-9102-177b9eda7873.pdf" rel="noopener noreferrer nofollow">launch</a> of Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK). This new financial instrument, managed by CSOP Asset Management Ltd., will allow investors to profit from declines in Bitcoin prices.A New Way to Bet Against BitcoinThe CSOP Bitcoin Future Daily (-1x) Inverse Product offers returns based on the inverse performance of the S&amp;P Bitcoin Futures Index. This means that if Bitcoin&#39;s price falls, the ETF&#39;s value will rise, and vice versa. It achieves this by taking short positions on Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME). This ETF is denominated in US dollars and begins trading on the Hong Kong Stock Exchange (HKEX) on 22nd July with an initial listing price of approximately 7.8 Hong Kong dollars per unit.<a href="https://cryptotale.org/hong-kong-launches-asias-first-inverse-bitcoin-etf-report/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Hong Kong Launches Asia's First Inverse Bitcoin ETF: Report

CryptoTale

Other articles published on Jul 23, 2024

Enjin Coin price prediction 2024-2030: Can ENJ price reach $10?

MoonBag’s 2024 Crypto Presale: A Game-Changer That’s Ousting Kaspa and Arbitrum

Coin98 Integrates Starknet, Expanding Layer 2 Options for Users

Worldcoin Token Lockups Now Extended for Early Investors and Team Members to 5 Years

Phoenix Group Announces New 25 MW Bitcoin Mining Facility in the U.S.

What is Robert Kiyosaki's Net Worth and Crypto Connection?

Join our free newsletter for daily crypto updates!