HANetf has launched Europe’s first leveraged cryptocurrency exchange-traded commodities (ETCs), offering new tactical trading tools that provide a cost-effective alternative to spread betting and contracts-for-difference.
According to the report, the newly listed products on Nasdaq Sweden include the 2x Long Bitcoin ETC (2LBT), 2x Long Ethereum ETC (2LET), and 2x Short Bitcoin ETC (2SBT), each with a total expense ratio of 2%.
Nik Bienkowski, co-founder and co-CEO of HANetf, described the launch as a “natural evolution” for the cryptocurrency market. He noted that the leveraged and short products offer a transparent and efficient way to navigate short-term market movements, regardless of whether investors are bullish or bearish on Bitcoin and Ethereum. The report noted that these ETCs deliver regulated and efficient exposure to volatile crypto assets.
Furthermore, the report revealed that introducing these ETCs comes amid heightened volatility for Bitcoin and Ethereum prices. Currently, Bitcoin is trading at $82,837.33. At the same time, Ethereum stands at $1,909.41. This market turbulence follows Donald Trump’s return to the White House in November, where his commitment to making the US the global crypto capital and an executive order supporting digital assets initially fueled a market surge.
However, prices have since retreated after his March 6 announcement that the government would not purchase additional Bitcoin for a strategic reserve.
Investor interest in cryptocurrency assets remains strong despite volatility and warnings from the Bank of England about significant risks, including a lack of protection for users. HANetf is expanding into leveraged crypto products, building on the success of its nine existing cryptocurrency exchange-traded products (ETPs), which have raised over $1.6 billion in assets. The launch is part of a broader trend in Europe, where 151 crypto ETPs have a combined total of $19.5 billion. Meanwhile, BlackRock’s iShares Bitcoin ETF (IBIT) has reached $50.1 billion in assets despite market fluctuations.
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