HANetf launches bitcoin hedged ETCs in Europe with HSBC

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HANetf bitcoin hedged ETCs Europe

Highlights

HANetf launched the Arrow Bitcoin GBP Hedged ETC (GBTC) on the London Stock Exchange and Arrow Bitcoin EUR Hedged ETC (EBTC) on Xetra and Euronext Paris, both currency-hedged by HSBC.
The new products are the world's first currency-hedged crypto ETCs in Europe, offering bitcoin exposure while mitigating pound sterling or euro-to-dollar currency risk.
Currency-hedged gold ETCs represent a $23 billion asset class, or 13% of Europe's gold ETC market, highlighting potential investor appetite for hedged crypto ETCs.

Product rollout across European exchanges

As reported by CoinDesk, citing HANetf in an emailed announcement on Wednesday, the London-based asset management platform is listing exchange-traded commodities tied to bitcoin with currency hedging provided by HSBC.

The products include the Arrow Bitcoin GBP Hedged ETC, trading under ticker GBTC on the London Stock Exchange, and the Arrow Bitcoin EUR Hedged ETC, EBTC, listed on Frankfurt-based Xetra and Euronext Paris. HANetf says the products are the world’s first currency-hedged crypto ETCs and introduce a new structure to the European crypto ETC market.

In Europe, unlike in the U.S., ETFs in the European Union and UK must hold a diversified basket of assets. That means ETCs are used to give investors exposure to a single commodity or commodity group, including bitcoin.

Investor demand and market implications

The new ETCs are designed for investors seeking long-term bitcoin exposure while limiting the impact of moves in the pound sterling or euro against the U.S. dollar. Because bitcoin, like gold, is typically denominated in U.S. dollars, European buyers often take on currency exposure in addition to the underlying asset risk.

HANetf is targeting investors who may want to hold bitcoin but are wary of potential dollar weakness. The launch also reflects broader demand for digital-asset products that resemble traditional financial market instruments and reduce the operational burden of holding crypto directly.

Currency-hedged gold ETCs already account for a $23 billion asset class, or about 13% of the European gold ETC market, according to figures cited in the announcement. Cryptocurrency exchange-traded products, including ETFs, ETCs and exchange-traded notes, remain a key route for investors seeking regulated exposure to digital assets without managing custody themselves.

Our earlier coverage of gold’s outlook after a selloff highlighted why some analysts still see bullion’s longer-term case as intact. We noted strong central-bank buying and the potential for shifts in yields, inflation expectations, and geopolitics to support prices despite near-term pressure.

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