Crypto
HANetf Introduces Currency-Hedged Bitcoin ETCs
HANetf has introduced two exchange-traded commodities (ETCs) that provide exposure to Bitcoin while hedging against swings in the pound sterling and euro against the U.S. dollar.
The products, GBTC and EBTC, list on the London Stock Exchange and Frankfurt-based Xetra and Euronext Paris respectively.
HANetf's currency-hedged gold ETCs are already a $23 billion asset class, approximately 13% of the gold ETC market in Europe.
The company is targeting investors who want long-term exposure to Bitcoin but may be concerned about potential dollar weakness.