HANetf Launches Currency-Hedged Bitcoin ETCs With HSBC Hedging Across European Exchanges

HANetf has rolled out what it describes as the world's first currency-hedged Bitcoin exchange-traded commodities across European exchanges, with HSBC serving as the currency-hedging counterparty. The rollout includes the euro-hedged Arrow Bitcoin EUR Hedged ETC (EBTC), which launched with roughly €247,675 in initial net assets across Euronext Paris and Xetra, and the pound-hedged Arrow Bitcoin GBP Hedged ETC (GBTC) on the London Stock Exchange. The physically backed structures use forward contracts managed by HSBC to isolate Bitcoin's performance by neutralizing U.S. dollar foreign exchange risk against the euro and British pound.