HANetf Launches World's First Euro-Hedged Bitcoin ETF for European Investors

HANetf has launched the Arrow Bitcoin EUR Hedged ETF in Europe, allowing investors to gain exposure to bitcoin while reducing their risk from euro-dollar exchange rate fluctuations.

The new fund is priced in US dollars and aims to remove the impact of currency movements on European investors' returns. HANetf claims this is the world's first euro-hedged bitcoin ETF.

HSBC will provide the currency hedging for the product, using forward contracts to sell the equivalent dollar amount for euros at a fixed rate on a future date. This hedge is typically rolled monthly and resized when they roll.