HANetf Launches Euro-Hedged Bitcoin ETC to Mitigate Dollar Fluctuations
HANetf has launched the world's first euro-hedged Bitcoin exchange-traded commodity, the Arrow Bitcoin EUR Hedged ETC (EBTC), on Euronext Paris. This product allows European investors to hold Bitcoin exposure in their home currency without adding a separate view on the US dollar.
The EBTC uses physical replication and is domiciled in Jersey, with Interactive Brokers LLC as custodian and HANetf Multi-Asset ETC Issuer Plc as issuer. The product lists on Euronext Paris from September 29 and on Xetra from September 30 under the ticker EBTC.
HANetf's co-founder and co-CEO, Hector McNeil, said that this launch brings established logic to the crypto market. He noted that euro-hedged products account for roughly $23 billion, or about 13 percent, of European gold ETC assets.