1 week ago
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Key Takeaways
- Bitcoin returns can include USD/EUR exposure.
- Hedging targets currency moves, not Bitcoin volatility.
- A stronger dollar can lift unhedged returns.
- Costs, liquidity and product terms still matter.
On September 29, ETF and ETC issuer HANetf launched the Arrow Bitcoin EUR Hedged ETC, trading under the ticker EBTC on Euronext Paris. The product is designed to give investors Bitcoin exposure while reducing the effect of EUR/USD movements. HANetf describes it as the first euro-hedged Bitcoin ETP, citing ETFBook data through July 31.
For investors able to access the Euronext Paris listing, the product introduces a more specific choice: whether to leave the dollar’s effect on a Bitcoin return in place or seek to reduce it.
The return a euro investor actually receives
Bitcoin is commonly priced and benchmarked in US dollars. For an investor whose savings, spending and portfolio are measured in euros, that ca...
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