HANetf Partners with HSBC to Launch GBP and EUR Hedged Bitcoin ETCs

Odaily News: HANetf has partnered with HSBC to launch GBP- and EUR-hedged Bitcoin exchange-traded commodities (ETCs), described as among the world's first such products to provide Bitcoin exposure while mitigating the impact of USD exchange rate fluctuations.

The GBP-hedged product GBTC is already trading on the London Stock Exchange, while the EUR-hedged product EBTC is trading on Xetra and Euronext Paris, with HSBC providing currency hedging services. The products target long-term Bitcoin investors concerned about a weakening US dollar, eliminating the need for investors to manage custody themselves. (CoinDesk)