First Euro-Hedged Bitcoin Product Has Launched
The new exchange-traded product allows European investors to gain exposure to bitcoin while mitigating currency risk against the US dollar.
Updated on Sept. 29, 2026 in Investing
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HANetf has launched the Arrow Bitcoin EUR Hedged ETC, marking the first crypto-tracking product in the world to incorporate a built-in euro hedge. The product is designed to minimize the impact of exchange rate fluctuations for investors based in the eurozone.
Why it matters
Because bitcoin is primarily priced in US dollars, European investors typically face exchange rate risk when holding crypto assets. This new product seeks to eliminate that volatility, offering a more predictable return profile for those sensitive to euro-dollar swings.
As of June 2026, crypto-tracking assets in Europe reached $12 billion, while the broader market for currency-hedged ETFs and ETCs holds over $300 billion in total assets under management.
The players
HANetf
An investment firm that develops exchange-traded products, including specialized crypto-tracking assets for European markets.
HSBC
A global banking institution that provides currency hedging services to support the price stability of financial products.
The details
The new ETC functions by using HSBC to provide currency hedging, which systematically reduces the impact of euro-US dollar exchange movements on the investor's holdings. By decoupling the asset's performance from the currency pair's volatility, the product aims to reflect only the price action of bitcoin. This mechanic mimics the strategy long used in traditional asset classes where investors seek to isolate a commodity's value from foreign exchange noise.
Timeline
2020: HANetf co-launched the Bitwise Physical Bitcoin ETP.
2025: HANetf introduced leveraged and short cryptocurrency ETPs.
June 2026: European crypto-tracking assets totaled $12 billion.
September 29, 2026: The Arrow Bitcoin EUR Hedged ETC was officially launched.
Money Landscape
The introduction of this product follows a long-standing preference among European investors for currency-hedged financial vehicles, which currently hold over $300 billion in assets. It brings digital asset investing into alignment with traditional market conventions for managing foreign exchange risk.
European investors interested in digital assets now have a vehicle that removes the secondary layer of currency risk from their portfolio. Before allocating funds, consider discussing how this currency-hedging structure fits your broader risk tolerance with a qualified financial professional.
The takeaway
This product represents a shift toward more specialized, institutional-style tools for crypto investors. If you are considering crypto exposure, review the expense ratios and hedging costs of any new product against the potential benefits of currency risk mitigation.
Further reading
For more information on the evolving landscape of digital asset products, visit our Investing section.
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Do you prefer using currency-hedged financial products when investing in foreign assets?
