The first inverse Bitcoin ETF in Asia will be launched in Hong Kong. The fund provides a profitable strategy in the event of a fall in the price of Bitcoin. Bloomberg writes about this.
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Issuing company, CSOP Asset Management plans to attract $50-100 million over two years on a new product, and also release an inverse Ethereum-ETF.
According to Bloomberg, the total amount of assets accumulated by six crypto-ETFs in Hong Kong now stands at $362 million. For comparison , spot Bitcoin ETFs launched in the United States in January, have collected more than $60 billion in assets.
Inverse cryptocurrency exchange-traded products have generated about $106 million worldwide.
- Cryptocurrency Shares (securities) Stock market