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

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Alte articole publicate pe 23 iul. 2024

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