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Ethereum Classic is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. It was originally known as Ethereum. After The DAO hack in 2016, the Ethereum blockchain split into two separate networks: the newer one inherited the name Ethereum and uses ETH or ether as its cryptocurrency, while the older one, known as Ethereum Classic, uses ETC.
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HANetf Partners with HSBC to Launch GBP and EUR Hedged Bitcoin ETCs
Odaily News: HANetf has partnered with HSBC to launch GBP- and EUR-hedged Bitcoin exchange-traded commodities (ETCs), described as among the world's first such products to provide Bitcoin exposure while mitigating the impact of USD exchange rate fluctuations.The GBP-hedged product GBTC is already trading on the London Stock Exchange, while the EUR-hedged product EBTC is trading on Xetra and Euronext Paris, with HSBC providing currency hedging services. The products target long-term Bitcoin investors concerned about a weakening US dollar, eliminating the need for investors to manage custody themselves. (CoinDesk)
HANetf Launches the World's First Euro-Hedged Bitcoin ETC, with Currency Hedging Provided by HSBC
Odaily News — European ETF and ETC platform HANetf has launched the Arrow Bitcoin EUR Hedged ETC (EBTC), which HANetf says is the world's first bitcoin ETC to offer euro currency hedging. The product is designed to give euro-denominated investors exposure to bitcoin price movements while reducing the impact of EUR/USD exchange rate fluctuations on investment returns, with the related currency hedging provided by HSBC. (WSJ)