HANetf Launches World’s First Euro-Hedged Bitcoin ETP in Europe

HANetf has introduced the Arrow Bitcoin EUR Hedged ETC, the world’s first euro-hedged Bitcoin exchange-traded commodity, trading under the ticker EBTC on Euronext Paris and Xetra. The product uses HSBC to perform daily currency hedging, allowing European investors to gain exposure to Bitcoin’s dollar price while neutralizing EUR/USD exchange rate volatility. The ETP carries a total expense ratio of 49 basis points plus hedging costs and launched with approximately 280 million dollars in initial net assets.