ETF Wrap: Bitcoin and gold – a match made in heaven?

Bitcoin gold ETP, pension funds turn passive and uranium ETF launches made headlines this week There was another world first in the land of crypto exchange-traded products (ETPs) this week after 21Shares launched a bitcoin and gold ETP which is set to spin the head of the “bitcoin is the new gold” brigade.

The 21Shares ByteTree BOLD ETP (BOLD) does not quite offer bitcoin parity with the precious metal quite yet though, with an 18.5% weighting to bitcoin and 81.5% to gold, the assets are weighted in inverse proportion to their risk.

BOLD – developed alongside UK specialist provider of alternative investment strategies ByteTree – attempts to deliver protection against inflation via optimised risk-adjusted exposure.

While both bitcoin and gold are widely available within an ETP wrapper separately, Charlie Morris, CIO at ByteTree Asset Management , has claimed backtesting ETPs has improved returns by 7-8 percentage points a year – impressive if […]

Click here to view original web page at www.etfstream.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.