The Hong Kong Inventory Trade (SEHK) will launch Asia’s first Bitcoin inverse ETF on July 23
The Hong Kong Inventory Trade (SEHK) will launch Asia’s first Bitcoin inverse ETF on July 23. Managed by CSOP Asset Administration Restricted, the ‘Bitcoin Futures Each day (-1x) Inverse Product’ goals to supply the inverse efficiency of Bitcoin via quick positions in CME futures.
This new ETF permits traders to wager in opposition to Bitcoin, even because it rallies because of US President Joe Biden’s resolution to desert his reelection bid. This product affords each retail and institutional traders a regulated means to revenue from declines in Bitcoin’s worth.
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