HANetf Launches World's First Euro-Hedged Bitcoin Fund

European ETF platform HANetf has launched the world's first euro-hedged Bitcoin exchange-traded commodity (ETC), with the code EBTC. This product aims to provide European investors with exposure to Bitcoin while reducing the impact of USD exchange rate fluctuations. The euro-hedged structure helps investors avoid additional dollar risk while holding Bitcoin. The currency hedging for the product is provided by HSBC, with a total expense ratio of 0.49%. HANetf stated that this move brings the established logic of euro-hedged ETFs into the crypto market, meeting the demand from European clients for locally denominated products.

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