Asset supervisor HANetf has launched leveraged and inverse crypto ETCs, providing merchants a brand new approach to wager on Bitcoin and Ethereum worth swings.
White-label exchange-traded fund supplier HANetf is providing merchants in Europe new methods to take a position on crypto by launching its first leveraged cryptocurrency exchange-traded commodities and a brief Bitcoin (BTC) technique, permitting them to wager on worth actions of BTC and Ethereum (ETH).
Accessible on Nasdaq Sweden with a 2% expense ratio, merchants can now entry the 2x Lengthy Bitcoin ETC, 2x Lengthy Ethereum ETC, and 2x Brief Bitcoin ETC. In a March12 interview with ETF Stream, HANetf co-founder Nik Bienkowski stated the launch of the leveraged and brief merchandise is a “pure evolution” for the crypto market, including that “whether or not bullish or bearish on Bitcoin and Ethereum, these ETCs ship a clear, regulated, and environment friendly approach to navigate short-term market actions.”
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This isn’t HANetf’s first crypto-product because it already presents 9 crypto ETPs with over $1.6 billion in mixed property, the report reads.
The launch comes as asset managers preserve searching for new methods to usher in extra money and discover alternative ways to take a position it. As an example, asset supervisor Bitwise just lately rolled out a brand new Bitcoin Commonplace Firms ETF that offers buyers a approach to wager on public corporations stacking at the least 1,000 BTC.
Bitwise stated that the so-called Bitwise Bitcoin Commonplace Firms ETF will embody 10 holdings at launch, that includes main corporations akin to MicroStrategy, MARA Holdings, and CleanSpark. Different names within the index embody Riot Platforms, Boyaa Interactive, and Mike Novogratz’s crypto financial institution Galaxy Digital.
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