21Shares combines Bitcoin and gold in the latest ETP

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Von: Krypto News Österreich

Bitcoin
  • The new stock market -traded product is intended to offer incorporated returns and property protection in the middle of inflation
  • The current allocations are 18.5 % Bitcoin and 81.5 % gold

21Shares continued its product introductory tour because this time the company decided to combine gold and Bitcoin engagements.

The world's largest issuer of stock market-traded cryptocurrency products (ETPs) has come together with the company based in Great Britain Bya-asset management the 21shares bytree Bold ETP (BOLD) to COLLOON ON SIX Swiss Exchange.

The fund is said to offer incorporated long -term returns and wealth protection in an inflationary environment, 21Shares said in a statement on Wednesday. It depicts an index that is weighted monthly, whereby the assets are resolved in proportion to their risk; The current allocations are 18.5 % Bitcoin and 81.5 % gold.

The ETP is the first of its kind and combines the traditional value of gold with the promising returns of Bitcoin - which many consider the new gold, according to Hany Rashwan, CEO from 21Shares.

"Bold tries to eliminate the effort of the personal management of the two assets and at the same time introduce a disciplined process when it comes to achieving higher risk -clear returns," Rashwan told Blockworks. "We assume that both private investors and professional investors will invest in Bold all over Europe, as this is an easy way to get involved in cryptocurrencies."

The US Federal Reserve's US Federal Reserve last month increased the reference interest rate by a quarter percentage in response to inflation increase at the fastest pace in four decades. At that time, the central bank signaled seven further interest increases in 2022.

"Gold has delivered portfolio protection in inflationary environments in the past, while Bitcoin is the digital equivalent of gold and is increasingly being accepted by investors as an independent investment class and central asset," said Charlie Erith, CEO by Bytree Asset Management.

"In a time of increasing structural inflation and increased geopolitical risks, we believe that this can serve as an important risk and earnings diversifier in a balanced portfolio."

The product comes onto the market after other issuers have tried to combine the commitment in these assets in the same strategy.

Last year

Wisdomtree started to allow his Enhanced Commodity Strategy Fund (GCC) to create up to 5 % of his net assets in Bitcoin Futures Contracts. The fund is also investing in D -MINNONSTRAKTS of more than a dozen raw materials, including gold.

Amplify ETFs launched its inflation Fighter ETF (IWIN) in February, which offers commitment in a number of shares, riding, currencies and raw materials, including gold and bitcoin.

Fondsgruppe vaneck

Nate Geraci, President of The Etf Store, asked when Vaneck marketed, and found that "gold beetles and the Bitcoin maxis tend to go to each other".

Frank Holmes, Executive Chairman from Hive Blockchain Technologies, said during a panel at the Exchange ETF conference at the beginning of this month that gold will always be there. However, he found that millennials and certain “experienced” older investors switch from gold to Bitcoin.

Michael Saylor, CEO of Microstrategy, agreed that gold will continue to be a non -governmental value -plentiful for certain investors, but added that ideas of the 21st century like Bitcoin have power to "turn the world upside down".

21Shares manages a wealth of around $ 2.5 billion. Its products are listed on 10 regulated European stock exchanges. The company has launched a handful of ETPs this year, including products with AAVE (AAVE), Chainlink (Link) and Uniswap (Uni) as their underlyings. 21Shares assumes this week to bring the first Australian ETFs onto the market that invest directly in Bitcoin and Ether.

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The contribution 21Shares Combines Bitcoin and Gold in Newest ETP is not a financial advice.