21Shares launches hybrid Bitcoin and gold ETP to enable inflation hedge

21Shares is a major issuer in cryptocurrency exchange-traded product (ETP) and has launched a new ETP that tracks a mixture of Bitcoin (BTC), and gold.

Wednesday’s announcement by the Switzerland-based company regarding the 21Shares ByteTree BOLD (BOLD) product was made. This new product is designed to protect inflation through the tracking of an index that provides risk-adjusted exposure both to BTC and to gold.

The new hybrid ETP, which is listed on the SIX Swiss Exchange (SIX Swiss Exchange), is subject to monthly rebalances based on the inverse historical volatility of each asset. BOLD is 18.5% of Bitcoin and 81.5% respectively at launch.

ByteTree Asset Management, a UK-based alternative investment provider, helped to develop the new ETP. This product is the first to combine BTC and Gold ETPs in the world.

Charlie Erith, CEO of ByteTree, stated that “gold has historically provided portfolio protection in inflationary settings while Bitcoin is digital equivalent to gold.”

We believe that this can be an important risk- and return diversifier for a balanced portfolio in times of rising structural inflation and increased geopolitical risk.

Hany Rashwan, co-founder of 21Shares and CEO, stated that BTC is viewed by many in crypto as an alternative to gold.

“This hybrid product combines traditional gold value with bitcoin’s promising return rates, and is often referred to as the new gold.”

21Shares is proud to announce the launch of BOLD, the company’s 30th digital asset ETP. 21Shares, formerly known as Amun was once one of the largest crypto ETP providers in the world. In November 2018, 21Shares listed the first multi-crypto ETP on SIX Swiss Exchange.

21Shares introduced a sandbox ETP earlier in April to give crypto investors access to the metaverse. The new metaverse-focused ETP tracks performance of SAND (the native token of The Sandbox, a community-driven gaming platform).

Related: Grayscale comments and a survey of financial advisors suggest strong support for spot cryptocurrency ETFs

21Shares is expected to launch Australia’s first Bitcoin (ETH) exchange-traded funds soon. Cboe Australia has updated that the ETFs won’t start trading on Thursday, as originally planned. This is due to additional checks.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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