HANetf Launches Currency-Hedged Bitcoin ETCs for Pound and Euro Investors
HANetf has launched two new exchange-traded commodities (ETCs) that allow European investors to hold Bitcoin without exposing themselves to currency risk. The Arrow Bitcoin GBP Hedged ETC and the Arrow Bitcoin EUR Hedged ETC are listed on the London Stock Exchange and Frankfurt's Xetra and Euronext Paris, respectively.
The products use physical replication and are domiciled in Jersey. They were launched with the help of HSBC, which is providing foreign-exchange hedges for both products. The Arrow Bitcoin EUR Hedged ETC has a total expense ratio of 0.49 percent.
This launch marks an important step in the development of cryptocurrency investment products in Europe. According to HANetf co-founder and co-CEO Hector McNeil, 'With this launch, we are bringing the established logic of Euro-hedged ETFs to the crypto market.'