Southern Eastern Ying CEO: Plans to launch a reverse Ethereum ETF

2024-07-23 10:30:12

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ChainCatcher news, according to Dongwang reports, the inverse product FI Southern Bitcoin issued by Southern Eastern England has been listed on the Hong Kong Stock Exchange, becoming Asia's first inverse cryptocurrency ETF. It is reported that this product is based on a futures-based simulated investment strategy, directly investing in the nearest monthly Bitcoin futures traded on the Chicago Mercantile Exchange (CME). The listing price per unit is approximately HKD 7.8, with a lot size of 100 units and an annual management fee of 1.99%. The initial subscription scale reached USD 30 million (approximately HKD 2.34 billion).

Additionally, according to an interview with foreign media, Ding Chen, CEO of Southern Eastern England, revealed that Southern Eastern England will also strive to launch an inverse Ethereum ETF.

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