Asset manager HANetf has introduced leveraged and inverse crypto ETCs, offering traders a new way to bet on Bitcoin and Ethereum price swings.
White-label exchange-traded fund provider HANetf is offering traders in Europe new ways to speculate on crypto by launching its first leveraged cryptocurrency exchange-traded commodities and a short Bitcoin (BTC) strategy, allowing them to bet on price movements of BTC and Ethereum (ETH).
Available on Nasdaq Sweden with a 2% expense ratio, traders can now access the 2x Long Bitcoin ETC, 2x Long Ethereum ETC, and 2x Short Bitcoin ETC. In a March12 interview with ETF Stream, HANetf co-founder Nik Bienkowski said the launch of the leveraged and short products is a тАЬnatural evolutionтАЭ for the crypto market, adding that тАЬwhether bullish or bearish on Bitcoin and Ethereum, these ETCs deliver a transparent, regulated, and efficient way to navigate short-term market movements.тАЭ
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This isnтАШt HANetfтАЩs first crypto-product as it already offers nine crypto ETPs with over $1.6 billion in combined assets, the report reads.
The launch comes as asset managers keep looking for new ways to bring in more money and find different ways to invest it. For instance, asset manager Bitwise recently rolled out a new Bitcoin Standard Corporations ETF that gives investors a way to bet on public companies stacking at least 1,000 BTC.
Bitwise said that the so-called Bitwise Bitcoin Standard Corporations ETF will include 10 holdings at launch, featuring major companies such as MicroStrategy, MARA Holdings, and CleanSpark. Other names in the index include Riot Platforms, Boyaa Interactive, and Mike Novogratzs crypto bank Galaxy Digital.