21Shares Introduces UK’s First Bitcoin-Gold ETP
On January 13, 21Shares marked a significant milestone by launching the UK’s first Bitcoin-Gold exchange-traded product (ETP) on the London Stock Exchange. This unique financial instrument, known as the Bitcoin Gold ETP (BOLD), offers investors the opportunity to balance Bitcoin’s high growth potential with the stability of gold in one fund.
How the Bitcoin-Gold ETP Works
The BOLD ETP utilizes a volatility-based monthly rebalancing strategy, adjusting exposure between Bitcoin and gold. This approach aims to provide steady performance by leveraging Bitcoin’s potential for rapid growth while mitigating risks through gold’s historically stable value—even during turbulent markets. The underlying assets are 100% physically backed and securely stored in cold storage.
Why This ETP is a Game Changer
As the UK has recently opened retail access to cryptocurrency ETPs, the introduction of BOLD is a timely offering for investors seeking diversification with combined exposure to a high-risk asset like Bitcoin and a safe-haven commodity like gold. Past strong performance of this strategy further enhances its appeal to savvy investors navigating today’s uncertain economic climate.
Risks and Considerations
While the potential for higher returns is alluring, it’s essential to acknowledge the risks involved. Both Bitcoin and gold markets can be highly volatile, and their values fluctuate based on several economic factors. Doing your due diligence and consulting with financial experts is highly recommended before committing to investment.
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