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<ul class="news-points"> 
 <li>Hong Kong is set to launch the Asia-Pacific region’s first crypto-linked inverse ETF.</li> 
 <li>The CSOP Bitcoin Futures Daily (-1x) Inverse Product is expected to attract between $50 million and $100 million in assets.</li> 
 <li>The launch of the inverse ETF comes as Bitcoin surges to $68,480, with hopes of $100K.</li> 
</ul> 
Hong Kong is set to launch the Asia-Pacific region’s <a href="https://www.bnnbloomberg.ca/business/international/2024/07/22/csop-to-launch-asias-first-inverse-bitcoin-etf-in-hong-kong/#:~:text=(Bloomberg)%20%2D%2D%20Hong%20Kong%20will,to%20abandon%20his%20reelection%20bid." target="_blank" rel="nofollow">first crypto-linked inverse ETF</a>, 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, <a href="https://coinedition.com/the-trump-effect-bitcoin-solana-xrp-soar-on-renewed-investor-optimism/">coinciding with</a> 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.&nbsp; 
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…
The post <a href="https://coinedition.com/hong-kong-launches-asias-first-inverse-bitcoin-etf-allowing-investors-to-short-btc/">Hong Kong Launches Asia’s First Inverse Bitcoin ETF, Allowing Investors to Short BTC</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Hong Kong Launches Asia’s First Inverse Bitcoin ETF, Allowing Investors to Short BTC

Coin Edition

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