HANetf launches the world's first euro-hedged Bitcoin fund.

BlockBeats news, September 29, according to The Wall Street Journal, HANetf has launched the world's first euro-hedged bitcoin exchange-traded commodity, stating that the demand from its European client base is shifting.

Although bitcoin is a digital currency, it is typically denominated in U.S. dollars, which creates additional currency risk for investors looking to reduce their dollar exposure. As bitcoin becomes increasingly incorporated into institutional portfolios, some investors may prefer to avoid further increasing their dollar risk on top of existing exposure to dollar-denominated assets such as U.S. stocks, U.S. Treasuries, gold, and oil.