September 30, 08:25

HANetf says its HSBC-hedged GBP and EUR bitcoin ETCs are world's first

HANetf teams up with HSBC to list world's fist GBP and EUR-hedged bitcoin products

CoinDesk

HANetf has listed bitcoin exchange-traded commodities that hedge pound and euro exchange-rate swings against the U.S. dollar. HSBC provides the currency hedging. HANetf calls them the world's first currency-hedged crypto ETCs. The pound-hedged Arrow Bitcoin GBP Hedged ETC (GBTC) lists on the London Stock Exchange. The euro-hedged product (EBTC) lists on Xetra and Euronext Paris. The products target long-term bitcoin investors concerned about dollar weakness and provide cryptocurrency exposure without requiring investors to manage custody directly.

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