HANetf teams up with HSBC to list world's fist GBP and EUR-hedged bitcoin products

HANetf teams up with HSBC to list world's fist GBP and EUR-hedged bitcoin products

Summary

HANetf has launched bitcoin ETCs that hedge currency fluctuations between the U.S. dollar and sterling or the euro. HSBC provides the hedging. The pound-hedged product trades on the London Stock Exchange, while the euro-hedged ETC is listed on Xetra and Euronext Paris. The products aim to let European investors hold bitcoin exposure without taking on as much dollar exchange-rate risk.