In the midst of increased volatility in the cryptocurrency market, Southern East Wing Asset Management Limited's Chief Executive Officer, Chan Ding, announced their intention to launch a Bitcoin futures daily (-1x) reverse product ETF in Hong Kong under the name Southern East Wing. The aim is to address the needs of investors seeking risk management and hedging tools. Although US President Joe Biden has withdrawn from the race, market movements continue to attract investor attention. Chan Ding forecasts that a positive sentiment might drive up Bitcoin prices. Recognizing the scarcity of existing product options, the company also plans to introduce an Ethereum reverse ETF to offer additional investment possibilities. Each ETF will incur a management fee of 1.99%.