TechFlow News: Southern Eastpoint's inverse product, FI Southern Bitcoin, has been listed on the Hong Kong Stock Exchange, becoming Asia's first reverse cryptocurrency ETF. The product employs a futures-based synthetic investment strategy, directly investing in the nearest monthly-expiring Bitcoin futures contracts on the Chicago Mercantile Exchange. The listing price is approximately HK$7.80 per unit, with 100 units per lot, an annual management fee of 1.99%, and an initial subscription size reaching $30 million USD.
Southern Eastpoint CEO Ding Chen stated that the company also plans to launch an inverse Ethereum ETF, further expanding its range of cryptocurrency ETF products.
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