21Shares’ BOLD is the first Bitcoin and Gold ETP in the World

21Shares’ BOLD is the first Bitcoin and Gold ETP in the World
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21 Shares made its listing of the 21Shares ByteTree BOLD ETP on the SIX Swiss Exchange public. The organization is recognized as an issuer of crypto Exchange Traded Products (ETPs) and based out of Switzerland.

Hany Rashwan, CEO and Co-founder, 21Shares, stated, “At 21Shares, we are excited to introduce the public to the world’s first Bitcoin and Gold ETP. This hybrid product combines the traditional value of Gold with the promising return rates of Bitcoin, which is considered by many as the new Gold. With BOLD, we enter completely new territory and once again demonstrate the pioneering spirit of 21Shares within the ever-evolving crypto space.” 

ByteTree Asset Management developed ByteTree BOLD ETP to protect from the risk of inflation using risk-controlled exposure to Gold and Bitcoin, with assets or commodities measured in inverse proportion to their risk. The intention to create ByteTree BOLD ETP is to make a new diversifier in a balanced portfolio, making a weak connection to conventional asset classes.

The 21Shares ByteTree BOLD ETP effort is visible as it openly shows a great connection between old and new finance worlds. The oldest asset class of gold is recognized to give portfolio protection during inflation. Now, Bitcoin is the digital counterpart of Gold, showing a tremendous source of wealth creation.

Charlie Erith, CEO, ByteTree Asset Management, added, “The BOLD investment strategy is a unique approach to blending a high return digital asset with a traditional store of value, with a low correlation to equities and bonds. Gold has historically delivered portfolio protection in inflationary environments, while Bitcoin is the digital equivalent of gold with growing adoption by investors as a distinct asset class and a core store of wealth. In a time of rising structural inflation and heightened geopolitical risk, we believe this can act as an important risk and return diversifier in a balanced portfolio.” 

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