Southern Eastern England will launch the first reverse Bitcoin ETF in Asia in Hong Kong

Chen Ding, CEO of CSOP Asset Management, stated that the company will launch the first cryptocurrency-linked inverse ETF in Asia-Pacific region - CSOP Bitcoin Futures Daily (-1x) Inverse Product on Tuesday morning in Hong Kong. Chen Ding said in an interview that it is absolutely possible to raise $50 million to $100 million for the inverse Bitcoin ETF within a few years. The company will charge a management fee of 1.99%. Chen said some traders believe that optimism sparked by Trump could "soon" push bitcoin prices up to $100,000. She added that investors need to "either control risk or take other positions," but this may be challenging given currently available products. Chen also mentioned that CSOP is working hard to launch an inverse Ethereum ETF.