European investors can invest in Bitcoin without dollar risk

European investors can now invest in bitcoin without exposure to dollar fluctuations thanks to a new product from HANetf. The Arrow Bitcoin EUR Hedged ETC tracks the bitcoin price and limits the influence of the dollar. Typically, bitcoin products in euros still carry dollar risk, as the bitcoin price is usually expressed in dollars. This new product, launched on exchanges in Paris and Germany, is the first listed bitcoin product with a special hedge between the euro and the dollar. HANetf claims that these are the first currency-hedged crypto ETCs in the world. The product uses hedging to dampen dollar price fluctuations, allowing the net result in euros to more accurately reflect bitcoin's price movements. The cost for this hedge is 0.49 percent.

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