Sep 30, 2026, 4:25 a.m. EDT
2 min read
Summary
- HANetf has launched what it describes as the globe’s initial currency-hedged cryptocurrency exchange-traded commodities, delivering bitcoin exposure while mitigating the impact of U.S. greenback fluctuations.
- The pound-hedged GBTC is listed on the London Stock Exchange, whereas the euro-hedged EBTC is available on Xetra and Euronext Paris, with HSBC supplying the currency hedges.
- These instruments are aimed at long-term bitcoin purchasers worried about a weakening dollar who desire digital asset exposure without managing the underlying custody themselves.
European traders are presently able to secure exposure to bitcoin without fretting over currency conversion volatility diminishing their profits.
London-headquartered asset management provider HANetf has introduced exchange-traded commodities (ETCs) that grant exposure to bitcoin while simultaneously hedging against fluctuations of the British pound and the euro relative to the United States dollar, as stated in a Wednesday media release from HANetf.
Global banking institution HSBC is responsible for delivering the currency hedging services for these offerings.
“These are the the world’s first currency-hedged crypto ETCs, bringing a new currency hedged structure to the European crypto ETC market,” HANetf announced on Wednesday.
Contrary to the United States, exchange-traded funds located in the European Union and the United Kingdom are mandated to hold a diversified collection of assets. Consequently, exchange-traded commodities exist to facilitate investment into an individual commodity or a collective group of commodities.
HANetf’s Arrow Bitcoin GBP Hedged ETC (GBTC) is traded on the London Stock Exchange, while its euro-denominated equivalent (EBTC) is featured on Frankfurt’s Xetra platform and Euronext Paris.
They are formulated to tackle an intrinsic characteristic shared by both bitcoin and gold: they are predominantly denominated in U.S. dollars globally. Consequently, participants in regions such as Europe and elsewhere inadvertently inherit dollar exposure when purchasing BTC.
HANetf is specifically focusing on investors seeking extended exposure to bitcoin who might harbor apprehensions regarding potential weakness in the dollar.
Currency-hedged gold ETCs already constitute a $23 billion market sector, representing roughly 13% of the European gold ETC landscape, with HANetf offering instruments that hedge the euro, pound, and Swiss franc.
Cryptocurrency exchange-traded products (ETPs)—encompassing the broader category for ETFs, ETCs, and exchange-traded notes (ETNs)—represent a primary mechanism for drawing participants into digital assets, affording them crypto exposure devoid of the burdens associated with self-custodying the underlying holdings.
Traders more accustomed to conventional financial (TradFi) instruments may demand services and vehicles that mirror traditional financial frameworks, and HANetf’s GBTC and EBTC serve as the newest illustrations of this trend.
Originally published at https://www.coindesk.com/business/2026/09/30/how-european-investors-can-now-buy-bitcoin-without-taking-on-u-s-dollar-risk.
