HANetf Launches Currency-Hedged Bitcoin ETCs for European Investors

European investors now have access to bitcoin without exposing themselves to exchange-rate risks. HANetf, a London-based asset management platform, has listed exchange-traded commodities (ETCs) that provide exposure to bitcoin while hedging against swings in the pound sterling and euro against the U.S. dollar.

HSBC is providing the currency hedging for these products. According to HANetf, this marks the introduction of 'the world's first currency-hedged crypto ETCs' to the European market.

The new products, Arrow Bitcoin GBP Hedged $ETC (GBTC) and its euro counterpart (EBTC), are designed for long-term exposure to bitcoin. HANetf is targeting investors who want to invest in BTC but may be concerned about potential dollar weakness.

Currency-hedged gold ETCs have already become a significant asset class, valued at approximately $23 billion and representing 13% of the gold $ETC market in Europe.