HANetf launches world’s first currency hedged Bitcoin ETCs allowing investors to gain Bitcoin exposure without US dollar risk

  • HANetf has launched Arrow Bitcoin EUR Hedged ETC (ticker: EBTC) and Arrow Bitcoin GBP Hedged ETC (ticker: GBTC), providing euro and sterling hedged exposure to Bitcoin.
  • These are the world’s first currency hedged crypto ETCs, bring a new currency hedged structure to the European crypto ETC market.
  • The ETCs aim to allow investors to access Bitcoin while reducing the impact of EUR/USD or GBP/USD exchange rate movements. 
  • Assets under management (AUM) in hedged share classes in the European ETF market has grown from USD 56.8 billion in 2017 to USD 283.8 billion in 2025. 
  • The euro hedged ETC is listed on Xetra and Euronext Paris, and the GBP hedged ETC is listed on London Stock Exchange.

When you invest in ETFs your capital is at risk.

September 2026, London

HANetf, Europe’s first and leading white-label UCITS ETF and ETC platform,[1] is delighted to announce the launch of Arrow Bitcoin EUR Hedged ETC (ticker: EBTC) and Arrow Bitcoin GBP Hedged ETC (ticker: GBTC). The currency hedging will be provided by HSBC.

Arrow Bitcoin EUR Hedged ETC

ISIN: XS3438606090

TER: 0.49%

ExchangeBloomberg TickerSEDOLTrading Currency
XetraEBTC GYBQMJB58EUR
Euronext ParisEBTC FPBTRW8Y1EUR

Arrow Bitcoin GBP Hedged ETC

ISIN: XS3438605282

TER: 0.49%

ExchangeBloomberg TickerSEDOLTrading Currency
London Stock ExchangeGBTC LNBQMJB69GBP

The new range of euro (EUR) and sterling (GBP) hedged Bitcoin ETCs is designed to give investors exposure to Bitcoin while reducing the impact of currency movements against the US dollar. Investors in both Europe and the UK will now be able to gain exposure in their local currency.

These are the world’s first currency hedged crypto ETCs, bringing a new currency hedged structure to the European crypto ETC market.

Investor interest in crypto ETCs has grown rapidly, with around $12 billion in crypto-tracking ETC assets in Europe and around $100 billion in the US.[2] But Bitcoin trades globally in US dollars, meaning European and UK investors can be exposed not only to the price of Bitcoin, but also to movements in the dollar. For euro and sterling investors, a weaker US dollar can reduce local-currency returns, even when Bitcoin has risen in dollar terms.

Many investors may want exposure to Bitcoin without taking an additional view on the US dollar. The new hedged Bitcoin ETCs are designed to address this issue by giving investors a more precise way to access Bitcoin, while reducing the impact of EUR/USD or GBP/USD exchange rate movements.

This is similar to the issue investors already face with gold. Like Bitcoin, gold is also priced in US dollars, meaning European investors can also take on dollar exposure when investing in the asset. Currency-hedged gold ETCs are already well-established in Europe, accounting for around $23 billion of European gold ETC assets, or approximately 13% of the market.[3] HANetf has previously listed euro, Swiss Franc and sterling-hedged versions of The Royal Mint Responsibly Sourced Physical Gold ETC (ticker: RMAU).

The new launches are designed to give investors greater choice in how they access Bitcoin, offering a tool that helps separate crypto asset exposure from dollar exposure. The products may appeal to investors seeking long-term exposure to Bitcoin, but who want returns to be less affected by potential dollar weakness against the euro or sterling.

HANetf has a strong track record in crypto ETCs, having previously partnered on the launch of Bitwise Physical Bitcoin ETP (ticker: BTCE) in June 2020, the world’s first centrally cleared Bitcoin ETP. HANetf also launched Europe’s first leveraged and short cryptocurrency ETPs in Europe last year.

Crypto Products on the HANetf PlatformTicker
2x Long Bitcoin ETP2LBT
2x Long Ethereum ETP2LET
2x Short Bitcoin ETP2SBT
Arrow Bitcoin EUR Hedged ETCEBTC
Arrow Bitcoin GBP Hedged ETCGBTC
Bitwise Core Bitcoin ETPBTC1
Bitwise Ethereum Staking ETPET32
Bitwise Physical Bitcoin ETPBTCE
Bitwise Physical XRP ETPGXRP
Bitwise MSCI Digital Assets Select 20 ETPDA20
Bitwise Physical Cardano ETPRDAN
Bitwise Physical Ethereum ETPZETH
Bitwise Physical Litecoin ETPELTC
Bitwise Physical Solana ETPESOL
Gold ETCs on the HANetf Platform Ticker
The Royal Mint Responsibly Sourced Physical Gold ETCRMAU
The Royal Mint Responsibly Sourced Physical Gold CHF Hedged ETC  RMCH
The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC RMEH
The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETC RMPH

Key Risks

  • Cryptocurrencies can be highly volatile.
  • Investors should consider frequently monitoring the ETCs’ performance in light of their investment goals and risk tolerance.
  • Investors’ capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision.
  • Any decision to invest should be based on the information contained in the prospectus and the relevant Final terms.

Hector McNeil, Co-Founder and Co-CEO of HANetf, commented:

“With these launches, we are bringing the established logic of currency-hedged ETFs to the crypto market. Investors have long understood that currency movements can have a meaningful impact on returns on different asset classes, for example gold. Similar to gold, Bitcoin is priced in US dollars, meaning European and UK investors can end up taking two views at once: a view on Bitcoin itself and a view on the dollar. There is currently over $300bn of AUM in currency hedged ETFs and ETCs in Europe and currency hedged crypto ETCs are conspicuous by their absence. HANetf and its clients are on a continual innovation curve and this is one more milestone on this journey.”

“The launch reflects the continued maturation and mainstreaming of the crypto ETP market. As crypto adoption grows, investors are likely to focus more closely on how their exposure is structured, including currency risk. These products are designed to give investors a more precise way to access Bitcoin. Crypto exposure should not have to mean taking an unintended dollar view. European investors have billions invested in currency hedged ETPs across equities, bonds and commodities so it is inevitable it will come to crypto. HANetf is pleased to bring another product platform first to the global ETP market.”

[1] As shown in the ETF Database.

[2] ETFBook. Data as of 16.06.2026.

[3] ETFBook. Data as of 16.06.2026.

IMPORTANT INFORMATION This document is approved for professional use only.

Communications issued in the UK

The content in this document is issued by HANetf Limited (“HANetf”) and approved by Privium Fund Management (UK) Limited (“Privium”). HANetf is an appointed representative of Privium, which is authorised and regulated by the Financial Conduct Authority. The registered office of Privium is The Shard, 24th Floor, 32 London Bridge Street, London, SE1 9SG

This communication has been prepared for professional investors, but the exchange traded product (“ETCs”) and exchange traded fund (“ETFs”) set out in this communication (“Products”) may be available in some jurisdictions to any investors. Please check with your broker or intermediary that the relevant Product is available in your jurisdiction and suitable for your investment profile.

Disclaimers

Past performance is not a reliable indicator of future performance. The price of the Products may vary and they do not offer a fixed income. This document may contain forward looking statements including statements regarding our belief or current expectations with regards to the performance of certain assets classes. Forward looking statements are subject to certain risks, uncertainties and assumptions. There can be no assurance that such statements will be accurate and actual results could differ materially from those anticipated in such statements. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. The content of this document is for information purposes and for your internal use only, and does not constitute an investment advice, recommendation, investment research or an offer for sale nor a solicitation of an offer to buy any Product or make any investment.

An investment in an exchange traded product is dependent on the performance of the underlying asset class, less costs, but it is not expected to track that performance exactly. The Products involve numerous risks including among others, general market risks relating to underlying adverse price movements in an Index (for ETFs) or underlying asset class and currency, liquidity, operational, legal and regulatory risks. In addition, in relation to Cryptocurrency ETCs, these are highly volatile digital assets and performance is unpredictable.

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