HANetf Debuts Currency-Hedged Bitcoin ETCs in Europe with HSBC Partnership

HANetf, an asset management platform based in London, has introduced two new exchange-traded commodities (ETCs) that offer investors exposure to Bitcoin while mitigating currency risk. The Arrow Bitcoin GBP Hedged ETC and the Arrow Bitcoin EUR Hedged ETC are listed on the London Stock Exchange and Xetra/Euronext Paris, respectively.

The products are designed for European investors who want to hold Bitcoin but are concerned about the impact of U.S. dollar fluctuations on their investments. HANetf has partnered with HSBC to provide currency hedging for these ETCs. This is a significant development in the cryptocurrency market as it introduces a new structure to the European crypto ETC market.

The Arrow Bitcoin GBP Hedged ETC trades under ticker GBTC, while the Arrow Bitcoin EUR Hedged ETC trades under EBTC. These products have been designed for investors who want to reduce their exposure to foreign exchange risk alongside their cryptocurrency investments. This is particularly relevant in Europe where ETFs must hold a diversified basket of assets.