How European investors can now buy bitcoin without taking on U.S. dollar risk
Asset management platform HANetf has listed ETCs in London, Frankfurt and Paris providing pound sterling and euro-hedged exposure to bitcoin.
Source: CoinDesk
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DW NOTE
HANetf lists the first GBP and EUR-hedged bitcoin ETCs in London, Frankfurt and Paris, with HSBC providing the hedge. The timing is clarifying: the dollar has held up through seven months of Hormuz closure and a Fed tightening cycle, and these products launch the day gold sits 21.5% below its January peak. Currency hedging makes sense when the reference currency is weak — but that's not the current setup.