Hong Kong Set to Launch Asia’s First Bitcoin Futures Inverse Product: What it Means for Traders

CoinMarketCap08-01

Hong Kong set to make history by launching Asia's first Bitcoin futures inverse product on its stock exchange. The new financial instrument, introduced by CSOP Asset Management, is expected to offer ...

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The new financial instrument, introduced by CSOP Asset Management, is expected to offer ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66ab4d5d96c63703d8f0db3c/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Set to Launch Asia’s First Bitcoin Futures Inverse Product: What it Means for Traders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Set to Launch Asia’s First Bitcoin Futures Inverse Product: What it Means for Traders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-01 16:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/66ab4d5d96c63703d8f0db3c/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong set to make history by launching Asia's first Bitcoin futures inverse product on its stock exchange. The new financial instrument, introduced by CSOP Asset Management, is expected to offer ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/66ab4d5d96c63703d8f0db3c/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/66ab4d5d96c63703d8f0db3c/","article_id":"2456177541","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/f648d638bb524d1cbf7c821c968bc0f9.webp"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2456177541","pubTimestamp":1722502492,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Hong Kong set to make history by launching Asia's first Bitcoin futures inverse product on its stock exchange. The new financial instrument, introduced by CSOP Asset Management, is expected t","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4550":"红杉资本持仓","BITI":"ProShares Short Bitcoin ETF","FDN":"First Trust Dow Jones Internet I","BK4585":"ETF&股票定投概念"},"translate_title":"香港将推出亚洲首个比特币期货反向产品：对交易员意味着什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITI":1,"FDN":0.74},"content_text":"Hong Kong set to make history by launching Asia's first Bitcoin futures inverse product on its stock exchange. The new financial instrument, introduced by CSOP Asset Management, is expected to offer investors a way to profit from Bitcoin's downturns. \nOn Tuesday, CSOP Asset Management will debut the CSOP Bitcoin Futures Daily (-1x) Inverse Product on the Hong Kong Stock Exchange. \n\n\"This product creates opportunities for investors to capitalize on Bitcoin's downside movements,\" said Ding Chen, CEO of CSOP Asset Management. \n\nThe introduction of this inverse product follows the recent debut of spot crypto ETFs in Hong Kong and aims to address the growing demand for tools that can profit from Bitcoin's volatility.\nProduct Details\nThe CSOP Bitcoin Futures Daily (-1x) Inverse Product is managed by CSOP Asset Management, with HSBC serving as the trustee. The ETF charges an annual fee of 1.99% and aims to attract between $50 to $100 million in assets under management within one to two years.\nUnlike direct Bitcoin investments, this product primarily invests in short positions of Bitcoin futures traded on the Chicago Mercantile Exchange. This strategy enables investors to profit from declines in Bitcoin's market prices without needing to short the cryptocurrency directly or buy put options.\nBitcoin has long been known for its extreme price fluctuations. In 2023, the cryptocurrency exhibited volatility as high as 38.3%, surpassing other major global assets like crude oil and the Nasdaq 100. The inverse ETF is designed to take advantage of these swings, allowing traders to hedge against or speculate on Bitcoin’s price declines.\nThe new product is expected to attract risk-tolerant investors looking to navigate Bitcoin's volatile market. Inverse ETFs are gaining traction globally, with similar products like the ProShares Short Bitcoin ETF (BITI) in the U.S. already managing over $70 million.\nHong Kong's Cryptocurrency Initiatives\nThe Securities and Futures Commission has implemented a licensing regime for centralized exchanges, and the Hong Kong Monetary Authority is working on regulating stablecoins. These measures are part of the city's broader strategy to enhance its virtual asset sector and attract international investment.\nThe Hong Kong government has also taken an important step in cryptocurrency investment with the conditional approval of its first spot Bitcoin and Ether exchange-traded funds (ETFs) on April 15.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2456177541"}