July 23rd news, according to the East Network reported that the Southern East British issued the reverse product FI Southern Bitcoin has been listed on the Hong Kong Stock Exchange, becoming the first reverse operation of the cryptocurrency ETF in Asia, it is reported that the product is based on futures simulation investment strategy, directly invested in the Chicago Mercantile Exchange (referred to as CME) trading recently expired monthly bitcoin futures, the listing price of each unit is about 7.8 Hong Kong dollars, 100 units per lot, 1.99% annual management fee, the initial subscription size of 30 million US dollars (about 2.34 billion Hong Kong dollars). According to the Southern East British CEO Ding Chen told foreign media interviews, Southern East British will also strive to launch a reverse ether ETF.