Hong Kong will launch Asia’s first ever inverse Bitcoin ETF tomorrow

Tomorrow, the Hong Kong Stock Exchange (HKEX) will be launching Asia’s first inverse Bitcoin exchange-traded fund (ETF). This new ETF, the CSOP Bitcoin Futures Daily (-1x) Inverse Product, is designed to let traders profit from Bitcoin price drops without directly shorting the asset. The ETF will focus on short positions in Bitcoin futures contracts traded

Source: Cryptopolitan