Hong Kong to Launch ‘Inverse Bitcoin ETF’ for First Time in Asia

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.

Hong Kong’s CSOP Asset Management said it will launch the CSOP Bitcoin Futures Daily (-1x) Inverse Product on the city’s stock exchange on Tuesday morning.

The ETF is expected to take advantage of rising demand to profit from the volatile trading of cryptocurrencies. After the first batch of…