According to the Wall Street Journal (WSJ), European Exchange Traded Product (ETP) provider HANetf has launched the world's first euro-hedged Bitcoin ETP. Bitcoin is typically priced in US dollars, meaning European investors are exposed not only to BTC price fluctuations but also to dollar-euro exchange rate movements when investing. This product is designed to mitigate such dollar exchange rate risk. HANetf explained that there has been a recent demand among European clients to reduce their dollar exposure.
