South East England has launched the first Asian reverse product for Bitcoin futures. The South East England Bitcoin Futures daily reverse (-1x) product (07376.HK) was officially listed today, closing at 7.89 yuan for half a day, up 1.2%, with trading volume of 0.533 million shares and turnover of 4.2 million yuan. The product tracks the performance of the most recent monthly Bitcoin futures contract traded on the CME and provides one- fold reverse leverage, with a listing price of 7.8 yuan per unit, trading unit of 100, with a management fee of 1.99%.

Wang Zhuofeng, CEO and Head of Sales Department (Asia Pacific) of South East England, said in a media interview that the product can meet the needs of Asian investors, especially for short-term trading. He pointed out that the Bitcoin Futures ETF (03066.HK) launched by South East England has received a good response, and investors have confidence in emerging asset classes and also have a demand for reverse products.