CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Coin Edition 2024-07-22 17:36:42

Hong Kong Launches Asia’s First Inverse Bitcoin ETF, Allowing Investors to Short BTC

Hong Kong is set to launch the Asia-Pacific region’s first crypto-linked inverse ETF. The CSOP Bitcoin Futures Daily (-1x) Inverse Product is expected to attract between $50 million and $100 million in assets. The launch of the inverse ETF comes as Bitcoin surges to $68,480, with hopes of $100K. Hong Kong is set to launch The post Hong Kong Launches Asia’s First Inverse Bitcoin ETF, Allowing Investors to Short BTC appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.