HANetf and HSBC launched a GBP and EUR hedged Bitcoin ETC

HANetf and HSBC have launched pound and euro hedged Bitcoin exchange-traded commodities (ETC), claiming to be the world's first such products that provide Bitcoin exposure while reducing the impact of dollar exchange rate fluctuations.

The pound hedged product GBTC is already trading on the London Stock Exchange, while the euro hedged product EBTC is trading on Xetra and the pan-European Paris Stock Exchange, with HSBC providing currency hedging services. The products are aimed at long-term Bitcoin investors concerned about a weakening dollar, allowing investors to avoid managing custody themselves.