HANetf

HSBC and HANetf have jointly launched Bitcoin ETCs with currency hedging in pounds and euros for European investors. In Europe, ETCs backed by physical or synthetic assets are the main route to crypto exposure, unlike the US, where ETFs dominate. The move broadens institutional access to Bitcoin across the continent.

ETF provider HANetf has launched what it describes as the first bitcoin fund hedged against the euro, aimed at European investors seeking exposure to bitcoin without euro currency risk layered on top. The fund tracks bitcoin's price while neutralising fluctuations between the euro and the dollar, in which most bitcoin trading is denominated. Coverage so far is limited to the initial launch announcement, with reactions still emerging across the crypto and ETF sectors.

ETF provider HANetf has partnered with HSBC to list the world's first GBP and EUR-hedged bitcoin exchange-traded products, aiming to shield European investors from currency swings when gaining bitcoin exposure. The move signals growing mainstream financial institutional involvement in crypto investment products, with hedged access to bitcoin now offered in sterling and euro terms for the first time.