The Swiss SIX stock exchange has listed the world’s first exchange-traded product (ETP) that combines exposure to bitcoin (BTC) and gold. ETP issuer 21Shares and crypto asset data supplier ByteTree Asset Management collaborated on the product. The BOLD ETP from ByteTree Asset Management will track a customized benchmark index that includes bitcoin and gold and rebalances weekly based on the relative volatility of the two assets. The option with the lowest volatility over the last 360 days will be given a higher weighting. World’s First Combined Bitcoin, Gold ETP Listed on SIX The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict se… https://t.co/ereNkCWWog pic.twitter.com/c6OAnl320c — Crypto Farting (@CryptoFarting) April 27, 2022 The weighting will be 18.5 per cent bitcoin and 81.5 per cent gold from the start. “The 60:40 bond-to-equity ratio has lost its lustre: BOLD is the new 60:40. Although gold’s volatility is now lower than that of the Nasdaq, the yellow metal has provided superior returns to tech companies, declining due to the internet’s peak. In both bull and bear markets, bitcoin is expected to beat Nasdaq “ByteTree’s CIO, Charlie Morris. While there are now over 70 crypto ETPs listed in Europe, BOLD looks to be the first that combines bitcoin and gold exposure. Due to its ant...
PEPE 60% Below ATH; Time For PEPETO?
