HANetf Launches Euro-Hedged Bitcoin ETC to Simplify European Investing
HANetf, Europe's largest independent white-label ETP provider, has launched the world's first euro-hedged bitcoin exchange-traded commodity. The Arrow Bitcoin EUR Hedged ETC is listed on Euronext Paris under the ticker EBTC and started trading on September 29.
The product allows European investors to hold bitcoin exposure in their home currency without adding a separate view on the US dollar, which can be beneficial when the dollar weakens. This eliminates the need for investors to constantly monitor the EUR/USD exchange rate, making it easier to invest in bitcoin.
HANetf co-founder and co-CEO Hector McNeil stated that this launch brings established logic from gold ETCs to the crypto market. The currency hedge is designed to neutralize EUR/USD movements, isolating bitcoin's own price performance.