I saw this on "cointelegraph this morning and decided to share with the forum.

On July 23, Hong Kong will witness the launch of Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK).

The new exchange-traded fund (ETF) by China Southern Asset Management Co., Ltd (CSOP) aims to offer investors a method of profiting from declines in Bitcoin’s
BTC

tickers down
$67,308

 price.

This development follows the successful launch of the CSOP Bitcoin Futures ETF (3066.HK) in December 2022, continuing the firm’s expansion in the Asia-Pacific region.
The CSOP Bitcoin Futures Daily (-1x) Inverse Product is designed to offer investment results that correspond closely to the inverse daily performance of the S&P Bitcoin Futures Index.

This inverse product achieves this through a futures-based replication strategy, which invests directly into spot-month Chicago Mercantile Exchange (CME) Bitcoin Futures.
According to a CSOP company post on July 22, the product is set to be listed on the Hong Kong Stock Exchange (HKEX) with a listing price of approximately 7.8 Hong Kong dollars (HKD) per unit.