HANetf launches Europe’s first leveraged Bitcoin and Ethereum ETCs.
HANetf, a white-label ETF provider, has launched Europe’s first leveraged cryptocurrency exchange-traded commodities (ETCs), as well as a short bitcoin strategy, offering new tactical trading tools that are less expensive than spread betting or contracts-for-difference for bets on volatile crypto assets.
The Nasdaq Sweden exchange has offered the 2x Long Bitcoin ETC (2LBT), 2x Long Ethereum ETC (2LET), and 2x Short Bitcoin ETC (2SBT), all at 2% total expense ratios (TER).
Nik Bienkowski, co-founder and co-CEO of HANetf, stated that offering leveraged and short products was a “natural evolution” for the cryptocurrency market.
“Whether bullish or bearish on bitcoin and ethereum, these ETCs deliver a transparent, regulated, and efficient way to navigate short-term market movements,” according to Bienkowski.
HANetf already provides a portfolio of nine cryptocurrency exchange-traded products (ETPs) with total assets of more than $1.6 billion, which contribute significantly to the London-based company’s revenue.
Bitcoin and ethereum values rose sharply after Donald Trump returned to the White House in November, promising to make the US the world’s crypto capital. Trump issued an executive order in January to boost digital assets and blockchain technology, promising to establish a national cryptocurrency stockpile.
However, the price of bitcoin has subsequently fallen, from an all-time high of $106,188 in January to under $80,000, with investors reacting badly to Trump’s pronouncement on March 6 that the US government will not spend fresh money to buy more bitcoin for any new strategic reserve.
Ethereum’s price has also fallen, approaching the critical $2,000 level after reaching a high of $4,811.40 in November 2021, according to statistics provider CoinDesk.
The extraordinary volatility of cryptocurrency prices has caused numerous financial regulators to issue strong warnings about the risks of investing in digital assets.
In January, the Bank of England stated that cryptocurrencies pose “significant risks” for investors.With no banks or central authority to protect you, the Bank of England stated that if your’money’ is stolen or mismanaged, no one is responsible for assisting you in recovering it.
However, such cautions have mainly been ineffectual in reducing investor interest or discouraging asset managers from having exposure to the asset class. According to data source ETFGI, asset managers have established 218 cryptocurrency ETPs by the end of last year, totalling $144.4 billion in worldwide assets.
Blackrock’s US-listed iShares Bitcoin ETF (IBIT) has broken the ETF industry’s fundraising records for a new product since its inception in January 2024, with assets hitting a peak.
of $60.8 billion by the end of January 2025, before declining to $50.1 billion.
According to ETFGI, there were 151 European-listed crypto ETPs with total assets of $19.5 billion at the end of January, demonstrating rapid product proliferation.