London Stock Exchange welcomed the listing of the 21shares Bitcoin Gold ETP (BOLD) this week, a new cryptocurrency exchange-traded product developed by 21shares and launched in partnership with ByteTree Asset Management.
BOLD is the fifth 21shares cryptocurrency product to be approved by the Financial Conduct Authority for UK retail investors, following the successful listings of the 21shares Bitcoin (ABTC and CBTC) and Ethereum (AETH and ETHC) ETPs. The ETP provides investors with access to both Bitcoin and gold, two globally recognised store-of-value assets, in a single regulated product.
The allocation of assets in BOLD is determined monthly based on inverse historical volatility, giving a higher share to the more stable asset. This approach aims to deliver diversification benefits, inflation protection, and a balanced risk profile for investors seeking exposure to the growth potential of Bitcoin while maintaining the stability of gold.
BOLD is 100% physically backed by the underlying assets, which are held in cold storage by an institutional-grade custodian, ensuring enhanced security. The ETP trades in GBP under the ticker BOLD and carries a 0.65% annual management fee.
Russell Barlow, CEO of 21shares, commented:
“BOLD is an exciting new product that aims to offer investors a potential hedge against inflation, exposure to Bitcoin’s growth potential, and the stability of gold. Now that retail investors in the UK have access to crypto ETPs, 21shares is dedicated to delivering a wider selection of innovative regulated products.”
Charles Morris, Founder and CIO of ByteTree Asset Management, added:
“Bitcoin and gold are increasingly viewed as complementary assets in a world of persistent inflation and monetary uncertainty. BOLD applies a disciplined, rules-based approach to combining them, creating a simple and transparent solution for investors seeking diversified exposure to these assets.”
