21Shares has partnered with ByteTree Asset Management to launch the first exchange-traded product (ETP) that combines gold and bitcoin.
21Shares ByteTree BOLD ETP (BOLD) It is listed on the SIX Swiss Exchange and will track a custom index consisting of gold and bitcoin.
BOLD was developed with ByteTree, a specialist British provider of alternative investment strategies.
The goal of the ETP is to provide protection against inflation through enhanced risk-adjusted exposure to gold and bitcoin with an inverse weighting of assets.
Monthly Balanced, BOLD Contains 18.5% More Bitcoin and 81.5% more He went at launch.
Bitcoin is often referred to as digital gold as the pair has many similarities, including the limited quantity of both, low correlation with stocks, and they are seen as a hedge against inflation and as a guardian.
Hani Rashwan, co-founder and CEO of 21Shares, commented on the launch: “This hybrid product combines the traditional value of gold with the promising rates of return for bitcoin, which many consider the new gold.”
Charlie Eirth, CEO of ByteTree added: “Gold has historically provided wallet protection in inflationary environments, while bitcoin is the digital equivalent of gold with increasing acceptance by investors as a premium asset class and an essential stock of wealth.
“At a time of rising structural inflation and increasing geopolitical risk, we believe this can serve as an important source of risk and return in a balanced portfolio.”
SHOP Bold ETB
21Shares ByteTree BOLD ETP (BOLD) Listed on the SIX Swiss Exchange.
SIX Swiss Exchange is a marketplace that provides access to a few Swedish banks and online brokers Dejero Do it.