Hong Kong Debuts Asia's First Inverse Bitcoin ETF

CSOP Asset Management's new product allows investors to profit from Bitcoin price declines, expanding the city's crypto offerings.

The ETF will be listed on the Hong Kong stock exchange starting Tuesday.
It targets professional investors seeking short-term gains from Bitcoin's volatility.
The product invests in short positions of Bitcoin futures on the Chicago Mercantile Exchange.
Bitcoin has shown extreme volatility, with recent fluctuations tied to U.S. political developments.
Hong Kong continues to enhance its status as a financial hub with diverse crypto products.