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Hong Kong is set to launch Asia's first inverse Bitcoin exchange-traded fund (ETF), allowing investors to profit from declines in Bitcoin's price. The CSOP Bitcoin Futures Daily (-1x) Inverse Product will debut on the Hong Kong Stock Exchange tomorrow, July 23. This new financial product provides both retail and institutional investors with a regulated means to hedge and speculate on Bitcoin's price movements. However, mainland Chinese investors will be restricted from accessing these ETFs.
Hong Kong is leading the way when it comes to crypto ETFs. Hear what @ysiu of @animocabrands says about this topic on web3 deep dive podcast ➡️ https://t.co/gxCA44qSTa This is especially relevant today with the announcement of Asia’s first #Bitcoin futures inverse product, the… https://t.co/DHtdE7smJU
Asia's first inverse #bitcoin exchange-traded fund that allows investors to bet on a fall in the #cryptocurrency, is set to debut in Hong Kong on Tuesday. https://t.co/rCUutxNjyt
Asia's first inverse bitcoin ETF, which allows investors to bet on a fall in the cryptocurrency, is set to debut on Hong Kong's stock exchange on Tuesday. https://t.co/esZHI0rqtC
