Hong Kong to Launch Asia's First BTC Inverse Product on 7/23 Confirmed

IconCryptoNewsTerminal Staff19 Jul, 2024

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Hong Kong to Launch Asia's First BTC Inverse Product on 7/23 Confirmed

According to Wu Blockchain, a well-known cryptocurrency media outlet, the Hong Kong Stock Exchange is set to launch Asia's first Bitcoin inverse product on the 23rd. The product is named the CSOP Bitcoin Futures Daily (-1x) Inverse. The trustee is HSBC Institutional Trust Services Asia." Earlier, the Hong Kong Stock Exchange's head of equity product development, Brian Roberts, said in an interview with Bloomberg that "In the future, we will see physical asset products, complex products, and finally leveraged and inverse ETFs related to cryptocurrencies."