Asset manager HANetf has launched leveraged and inverse cryptocurrency exchange-traded commodities (ETCs), providing traders with new opportunities to speculate on Bitcoin and Ethereum price fluctuations.
The white-label exchange-traded fund provider has introduced three new products on Nasdaq Sweden: the 2x Long Bitcoin ETC, 2x Long Ethereum ETC, and 2x Short Bitcoin ETC, each with a 2% expense ratio. These ETCs allow investors to either amplify their exposure to Bitcoin and Ethereum or bet against Bitcoin’s price movements.
In an interview with ETF Stream on March 12, HANetf co-founder Nik Bienkowski described the launch of these leveraged and short products as a “natural evolution” in 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,” Bienkowski stated.
HANetf already offers nine crypto exchange-traded products (ETPs), collectively managing over $1.6 billion in assets, according to the report.
Expanding Crypto Investment Opportunities
The launch comes amid a broader trend of asset managers seeking innovative ways to attract investment. For instance, asset manager Bitwise recently introduced a new Bitcoin Standard Corporations ETF, designed for investors interested in companies holding substantial Bitcoin reserves. The fund includes ten holdings at its inception, featuring industry leaders such as MicroStrategy, MARA Holdings, and CleanSpark. Other notable companies in the index include Riot Platforms, Boyaa Interactive, and Mike Novogratz’s Galaxy Digital.
Additionally, 21Shares has announced the upcoming listing of its Bitcoin Ethereum Core ETP (ABBA) on Deutsche Börse’s Xetra platform, with a 0.49% reduction in management fees. The world’s largest cryptocurrency exchange-traded product issuer aims to enhance accessibility and affordability for investors. ABBA, which is fully backed by Bitcoin (BTC) and Ethereum (ETH), is securely held in institutional-grade custody.
According to Mandy Chiu, Head of Financial Product Development at 21Shares, reducing the management fee aligns with the company’s mission to offer cost-efficient and innovative crypto investment solutions. “Reducing the fees on ABBA and bringing it to Xetra are important steps in making Bitcoin and Ethereum more accessible through a trusted and regulated investment vehicle,” Chiu stated.
Polkadot ETF Filing and Kaspa’s Market Reaction
Elsewhere in the cryptocurrency market, a filing submitted to the U.S. Securities and Exchange Commission (SEC) on March 7 indicates renewed efforts to introduce a Polkadot ETF in the United States. This marks an updated version of a previous application filed on January 31.
Meanwhile, altcoin Kaspa (KAS) has seen notable price gains following its addition to CoinMarketCap’s “Made in America” category. Although the cryptocurrency remains 68% below its all-time high from November 2023, the recent surge has drawn investor interest. Some market participants speculate that President Donald Trump’s administration may introduce favorable tax policies for U.S.-based cryptocurrency projects, potentially eliminating capital gains taxes on certain digital assets.
The evolving landscape of crypto investment products reflects the growing demand for regulated and institutional-grade financial instruments in the digital asset sector.
