HANetf launches euro-hedged Bitcoin ETP in Europe

HANetf has launched what it described as the world’s first Bitcoin exchange-traded product with a euro currency hedge, The Wall Street Journal reported. Because Bitcoin is typically priced in U.S. dollars, European investors are generally exposed not only to BTC price swings but also to moves in the dollar-euro exchange rate when they invest. The product is designed to reduce that dollar currency risk. HANetf said it has recently seen demand among European clients to cut dollar exposure.