European ETF and ETC platform HANetf has launched Arrow Bitcoin EUR Hedged ETC, trading under the ticker EBTC. HANetf said the product is the first Bitcoin ETC globally to offer a euro currency hedge. The structure is designed for euro-denominated investors seeking exposure to Bitcoin’s price while reducing the effect that swings in the euro-dollar exchange rate can have on investment returns. According to the company, the currency hedging component for the product is provided by HSBC. The launch adds a new route for investors in Europe who want Bitcoin exposure with a built-in hedge against EUR/USD moves, rather than taking on both Bitcoin price risk and foreign-exchange volatility at the same time.
European ETF and ETC platform HANetf has launched Arrow Bitcoin EUR Hedged ETC, or EBTC. HANetf said it is the first Bitcoin ETC globally to offer a euro currency hedge.
The product is aimed at euro-denominated investors seeking exposure to Bitcoin’s price while reducing the impact of fluctuations in the euro-dollar exchange rate on investment returns. The currency hedge is provided by HSBC.
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