21Shares has announced the launch of a unique exchange product. The world’s first combined Bitcoin/Gold ETP successfully listed on the SIX exchange. ByteTree Asset Management provided data on crypto assets.
The ByteTree Asset Management BOLD ETP will track a customizable index that includes the value of Bitcoin and gold. It will automatically rebalance every month according to the relative volatility of the two assets. The one that has been the least volatile over the last year will be prioritized.
According to the leaders of 21Shares, at the time of launch, this balance will be 18.5% bitcoin and 81.5% gold. ByteTree IT chief Charlie Morris said the 60/40 bond-to-stock ratio has lost its appeal. The volatility of gold is now lower than that of the Nasdaq. The precious metal offers higher returns than technology stocks.
According to experts, an innovative product should gain popularity in the traditional market. It will actually give investors access to cryptocurrency and traditional assets, while reducing risks. At the moment, more than 70 cryptocurrency ETPs have been launched in Europe, but this product will be unique.
It will be the first to combine the advantages of two popular instruments and compensate for the dangers that have appeared against the backdrop of rising global inflation.
Earlier edition informed that 21Shares has added new ETPs linked to Aave, Chainlink and Uniswap associated decentralized finance (DeFi) instruments to the BX Swiss exchange. Investors got the opportunity to use new digital assets. They officially entered the auction on February 1, 2022.
