European Investors Can Now Buy Bitcoin Without U.S. Dollar Risk
- HANetf has launched the world’s first currency-hedged crypto exchange-traded commodities (ETCs).
- The new products hedge against fluctuations in the pound sterling and euro relative to the U.S. dollar.
- HSBC is providing the currency hedging for these ETCs.
- The Arrow Bitcoin GBP Hedged ETC (GBTC) is listed on the London Stock Exchange.
- The euro equivalent, EBTC, is available on Xetra and Euronext Paris.
These new currency-hedged ETCs allow European investors to gain exposure to Bitcoin without facing exchange-rate risks associated with U.S. dollar fluctuations, a significant advantage for those in regions where BTC is typically denominated in USD.
With the launch of GBTC and EBTC, investors can now engage with Bitcoin while mitigating potential losses from currency volatility.(Source)
