HANetf lists world's first currency-hedged crypto ETCs, letting European investors buy bitcoin without dollar risk

HANetf, a London-based asset management platform, has listed what it calls the world's first currency-hedged crypto ETCs, with HSBC providing the currency hedging. The products hedge swings in the pound sterling and euro against the U.S. dollar. The Arrow Bitcoin GBP Hedged ETC (GBTC) lists on the London Stock Exchange, while the euro counterpart (EBTC) lists on Xetra in Frankfurt and Euronext Paris. Because bitcoin, like gold, is almost universally denominated in dollars, European investors normally take on dollar exposure when buying BTC. EU and U.K. rules require diversified ETFs, so ETCs exist for single-commodity exposure.

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