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.

ChainCatcher news, according to Bloomberg, the CEO of China Southern Asset Management Company (CSOP) stated that the first cryptocurrency-linked inverse ETF in the Asia-Pacific region will be launched on Tuesday morning in Hong Kong------CSOP Bitcoin Futures Daily (-1x) inverse product.It is reported that an inverse ETF, also known as a short ETF or bear ETF, is an exchange-traded fund that uses leveraged investment tools such as index futures and swap contracts to achieve a daily tracking of the target index's returns at an inverse multiple (such as -1x, -2x, or even -3x).

ChainCatcher news, Li Yilin, Senior Vice President of Sales and Product Strategy at Southern Eastern Asset Management, revealed that the mainstream investment market is increasingly accepting virtual asset-related products. Currently, the asset scale of Southern Eastern's Bitcoin futures ETF has surpassed 1 billion Hong Kong dollars. Additionally, the market is closely anticipating the listing of a spot Ethereum ETF in the United States, which is expected to drive up virtual asset prices. Southern Eastern has observed a continuous inflow of funds into its Bitcoin futures ETF and Ethereum futures ETF.

ChainCatcher news, Ding Chen, the president of Southern Asset Management Co., Ltd., stated in an interview with Bloomberg: "It's unfortunate that we were not among the first in Hong Kong to launch virtual asset ETFs, but I am pleased to see that three other peers have launched related products. We are still working hard to collaborate closely with institutions and partners to successfully launch a virtual asset spot ETF. After all, this relies not only on asset management companies but also on custodians, market makers, PDs, etc. Currently, some of our counterparties are not fully prepared. However, once we are ready, we will launch the related products."It is reported that Southern Asset Management listed Asia's first cryptocurrency ETFs on the Hong Kong Stock Exchange as early as December 2022, including the Southern Asset Management Bitcoin Futures ETF and the Southern Asset Management Ethereum Futures ETF.

ChainCatcher news, according to data from the Hong Kong Stock Exchange, the Southern Eastern Ethereum Futures ETF and the Southern Eastern Bitcoin Futures ETF have both fallen below their issue prices, with the current price of the Southern Eastern Ethereum Futures ETF at HKD 7.280, a decline of 6.73%. The current price of the Southern Eastern Bitcoin Futures ETF has dropped to HKD 7.480, a decline of 4.23%. (Source link)

ChainCatcher news, Southern Eastern Asset Management Co., Ltd. will launch the first virtual asset ETFs in Asia: Southern Eastern Bitcoin Futures ETF (3066.HK) and Southern Eastern Ethereum Futures ETF (3068.HK), which are scheduled to officially list and trade on the Hong Kong Stock Exchange on December 16.It is reported that these two ETF products do not directly invest in virtual assets, but instead primarily invest in Bitcoin futures and Ethereum futures on the Chicago Mercantile Exchange, adopting an active investment strategy to achieve long-term capital growth. (Source link)