Euro-Based Investors Get New Hedged Bitcoin Option on Euronext Paris
HANetf, an ETF and ETC issuer, has launched the Arrow Bitcoin EUR Hedged ETC on the Euronext Paris exchange under the ticker EBTC. This product aims to provide euro-based investors with a way to hedge against dollar exposure when investing in Bitcoin.
Bitcoin is commonly priced and benchmarked in US dollars, which can add EUR/USD exposure for an investor whose savings and portfolio are measured in euros. A hedged investment may reduce the effect of this exposure on the overall return.
The product addresses a practical issue that euro-listed investors face when investing in Bitcoin: the currency exposure embedded in its reference price. The hedge does not make Bitcoin itself less volatile, but rather reduces the impact of EUR/USD movements on the investor's reported return.