HANetf Launches Euro-Hedged Bitcoin ETC for European Investors

HANetf has launched the world's first euro-hedged Bitcoin ETC on Euronext Paris, listing it under the ticker EBTC. The product allows European investors to hold bitcoin exposure in their home currency without adding a separate view on the US dollar. This means that investors will not be affected by fluctuations in the dollar's value when investing in Bitcoin.

According to HANetf, the existing logic of euro-hedged ETFs can now be applied to the crypto market, which is still relatively new and growing. The company argues that European investors have been treating a bitcoin position as a pure dollar trade, rather than focusing on the price performance of Bitcoin itself.

The Arrow Bitcoin EUR Hedged ETC uses physical replication and has a total expense ratio of 0.49 percent. It is domiciled in Jersey and listed on Xetra from September 30 under the ticker EBTC.