HANetf Launches Euro-Hedged Bitcoin ETC as Apeing Meme Coin Presale Hits Stage 6
HANetf has launched the Arrow Bitcoin EUR Hedged ETC (EBTC), which is trading on Euronext Paris and listed on Xetra from September 30. The product, described as the world's first euro-hedged Bitcoin exchange-traded product (ETP), provides European investors with access to Bitcoin exposure through a euro-hedged structure.
With a total expense ratio of 0.49%, EBTC uses physical replication and is domiciled in Jersey. HSBC provides the currency hedging for EBTC, designed to reduce the impact of EUR/USD movements on euro-based Bitcoin exposure.
In related news, Apeing's meme coin presale has entered Stage 6, Fearless FOMO, with a current token price at $0.0006. The project has raised over $111,000 and sold 481 million+ tokens, surpassing 440 holders and burning 281,538,380 APEING tokens.