In the midst of increased volatility in the cryptocurrency market, Southern East Wing Asset Management's CEO, Chan Ting, announced plans to launch an ETF named Southern East Wing Bitcoin Futures Daily (-1x) Inverse Product in Hong Kong, catering to investors' needs for risk management and hedging. Despite President Joe Biden's withdrawal from the race, market dynamics continue to attract investor attention. Chan Ting believes that positive sentiment may boost Bitcoin prices, yet product options are limited. The company also intends to launch an inverse Ethereum ETF to further diversify investment choices. Each ETF will incur a management fee of 1.99%.