Following the successful launch of Asia's first Bitcoin futures ETF - Southern Eastern Bitcoin Futures ETF (03066) in December 2022, Southern Eastern will list Asia's first Bitcoin futures inverse product on July 23 in Hong Kong. The investment objective of Southern Eastern Bitcoin Futures Daily Inverse (-1x) Product (07376) is to provide investment performance as close as possible to the daily inverse (-1x) performance of the S&P Bitcoin Futures Index, after deducting expenses and costs. The product adopts a futures-based simulated investment strategy to achieve the investment objective, investing directly in the most recently expiring monthly Bitcoin futures traded on the Chicago Mercantile Exchange. The listing price of the product is approximately 7.8 Hong Kong dollars per unit, with a trading unit of 100 shares, a management fee of 1.99%, and an initial investment of around 30 million US dollars. Ding Chen, CEO of Southern Eastern Asset Management, stated that Southern Eastern has been committed to providing comprehensive and diversified investment products. Currently, Southern Eastern is the leading issuer of leverage and inverse products in Hong Kong, with a market share of up to 99%. The first futures-based inverse Bitcoin product listed in Hong Kong creates opportunities for investors to profit from the downward trend of Bitcoin.