The world’s first exchange-traded product (ETP), where people can buy Bitcoin (BTC) and gold together, is listed on Switzerland’s SIX exchange.
Listing many ETPs 21Shares and crypto asset data provider ByteTree Asset Management The product developed by SIX is listed on the local Swiss stock exchange SIX.
ByteTree Asset Management named ETP in a statement. as BOLD He said they determined. BOLD will track an index that is balanced monthly based on the movements of the two assets. ByteTree, Which asset has less price movement in the last 360 days? He explained that if it shows, it will shift the index weight in that direction.
First, the volume of the product 18.5% bitcoin and 81.5% gold will be shaped.
ByteTree CIO, Charlie Morris, said in a statement on the subject:
Bitcoin will outperform Nasdaq in both bull and bear markets.
said.
bitcoinn is often compared to gold as a store of value. Therefore, according to some commentators, icombining the benefits of the person and balancing the risks of both. The investment product was received positively by many investors.