Bitcoin (BTC) with gold There was an ongoing race between them for years. Some analysts say that Bitcoin is now replacing gold. of BTC He says it is a more sensible investment tool.
Some analysts still consider gold to be the best and safest investment tool.
While these discussions continue, investors to both gold and bitcoin ETP was released and listed on the Swiss SIX exchange, providing exposure.
ETP issuer 21Shares and cryptocurrency data provider Byte Tree Asset Management The Bitcoin-gold ETP, jointly developed by , was the first of its kind in the world.
21Shares ByteTree BOLD ETP (BOLD) rates at the launch of the product, called 18.5% Bitcoin and 81.5% gold it will be.
As a result of the monthly evaluation, it was stated that the asset ratios included in the ETP could be changed. Here, the volatility of both assets will be acted upon.
Whichever asset has been less volatile in the last 360 days will be given more weight in the ETP.
Commenting on the new Bitcoin-gold ETP, Charlie Erith, CEO of ByteTree Asset Management, said:
“While gold continues to be widely accepted as a hedge in inflationary environments, Bitcoin is seen as a newer asset class compared to gold.
But we also think that Bitcoin is the digital equivalent of gold, with the potential to be a fundamental store of value.”
Erith added that with the ETP, which is a first in the world, they aim to provide investors with a risk and return diversification.