HANetf has launched new leveraged ETCs on Nasdaq Sweden aimed at enhancing cryptocurrency trading.
Launch of New HANetf Products
HANetf has recently announced the launch of Europe’s first leveraged exchange-traded commodities (ETCs) for cryptocurrencies. The new offerings 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%.
Commentary from HANetf Co-Founder
Nik Bienkowski, co-founder and co-CEO of HANetf, described these offerings as a “natural evolution” for the cryptocurrency market. He stated that these leveraged and short products provide a transparent and efficient way to navigate short-term market movements, irrespective of whether investors are bullish or bearish on Bitcoin and Ethereum.
Crypto Market and Prospects
The introduction of the new ETCs comes amidst heightened volatility in Bitcoin and Ethereum prices. Interest in cryptocurrency assets remains strong despite warnings from the Bank of England about significant risks. HANetf is expanding into leveraged crypto products, building on the success of its nine existing ETPs, which have raised over $1.6 billion in assets.
The launch of HANetf’s new leveraged ETCs underscores the growing interest in cryptocurrency products in Europe, highlighting the importance of adapting to changing market conditions.
