Euro-Hedged Bitcoin ETC Launches as Apeing Meme Coin Presale Hits Stage 6

HANetf has launched the Arrow Bitcoin EUR Hedged ETC (EBTC), described as the world's first euro-hedged Bitcoin exchange-traded product. This new product is designed to give European investors exposure to Bitcoin while reducing the impact of EUR/USD movements on their investments.

The EBTC has a 0.49% total expense ratio and uses physical replication, with HSBC providing the currency hedge. The product is listed on Euronext Paris and Xetra from September 30. HANetf's new product extends its activity in the crypto ETP market, following earlier products like the Bitwise Physical Bitcoin ETP launched in 2020.

Apart from this institutional development, Apeing has entered Stage 6 of its meme coin presale at a price of $0.0006. In this stage, named Fearless FOMO, the project has raised over $111,000 and sold more than 481 million tokens. The stated listing price for Apeing is $0.01, which would provide a potential return on investment (ROI) of 1,566%.