HANetf Launched First Euro-Hedged Bitcoin ETC
The new product allows European investors to gain bitcoin exposure while mitigating currency exchange rate risks.
Updated on Sept. 29, 2026 in Investing
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HANetf has launched the Arrow Bitcoin EUR Hedged ETC, marking the first time a cryptocurrency exchange-traded commodity has provided a euro-hedged option. The product uses currency hedging provided by HSBC to minimize the impact of US dollar exchange rate fluctuations on returns.
Why it matters
Because bitcoin is priced in US dollars, European investors traditionally face exchange rate risk when tracking the asset. This new ETC provides a mechanism to isolate bitcoin performance from the volatility between the euro and the US dollar.
The new ETC aims to capture interest in a sector that reached $12 billion in total European crypto-tracking assets by June 2026. This launch builds upon the broader market for currency-hedged investment vehicles, which currently hold over $300 billion in total assets.
The players
HANetf
This is an independent exchange-traded fund provider that specializes in thematic and cryptocurrency-related investment products.
HSBC
This is a multinational universal bank and financial services holding company providing the currency hedging for the new ETC.
The details
The ETC is designed to reduce the volatility associated with currency movements, specifically targeting the gap between the euro and the US dollar. By utilizing hedging services from HSBC, the fund attempts to provide investors with a more direct reflection of bitcoin price action independent of forex market swings.
Timeline
The Bitwise Physical Bitcoin ETP was co-launched by HANetf in 2020.
HANetf introduced leveraged and short cryptocurrency ETPs in 2025.
Crypto-tracking assets in Europe totaled $12 billion in June 2026.
The Arrow Bitcoin EUR Hedged ETC was launched on September 29, 2026.
Market Dynamics
This product extends the reach of the $300 billion in assets currently held in European currency-hedged ETFs and ETCs into the digital asset space. It follows a pattern of financial innovation where established hedging strategies are applied to emerging, highly volatile asset classes to attract institutional and risk-averse retail capital.
European investors can now gain bitcoin exposure without needing to manage the direct currency exchange risk between the euro and the US dollar. This provides a more predictable tracking of bitcoin's core performance for those holding accounts in euros.
The takeaway
Investors looking for crypto exposure should consider how currency hedging affects their overall net returns compared to non-hedged counterparts. Hedged products offer lower currency volatility but may involve different cost structures and tracking methodologies than standard assets.
Further reading
For more context on how these products fit into a portfolio, visit the Investing section.
Source note: This article includes information reported by Portfolio Adviser.
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