Zak Mir discusses Bitcoin and Gold with Charlie Morris on Share Talk

The recent listing of the 21Shares Bitcoin Gold ETP (BOLD) on the London Stock Exchange marks an important milestone in the world of cryptocurrency investments. Developed by 21Shares in collaboration with ByteTree Asset Management, this innovative exchange-traded product is the first of its kind to combine both Bitcoin and gold assets into a single regulated product, offering investors a unique opportunity to diversify their portfolios.

This new ETP comes on the heels of the successful approval and listings of other 21Shares cryptocurrency products, such as the 21Shares Bitcoin (ABTC and CBTC) and Ethereum (AETH and ETHC) ETPs, by the Financial Conduct Authority for UK retail investors. BOLD aims to provide investors with exposure to two widely recognized store-of-value assets, Bitcoin and gold, in a single, convenient product.

One of the key features of BOLD is its asset allocation strategy, which is determined monthly based on inverse historical volatility. This approach ensures that the more stable asset, whether Bitcoin or gold, receives a higher share of the allocation. By combining these assets in a single product, BOLD aims to offer investors diversification benefits, inflation protection, and a balanced risk profile.

Furthermore, BOLD is 100% physically backed by the underlying assets, which are securely held in cold storage by an institutional-grade custodian. This measure enhances the security of the ETP and provides peace of mind to investors. The ETP trades in GBP under the ticker symbol BOLD and carries a competitive 0.65% annual management fee.

Russell Barlow, CEO of 21Shares, expressed his enthusiasm for the launch of BOLD, highlighting the benefits it offers to investors. By combining exposure to Bitcoin’s growth potential with the stability of gold, BOLD aims to provide investors with a potential hedge against inflation and a unique investment opportunity. With the availability of crypto ETPs for retail investors in the UK, 21Shares is committed to delivering a diverse range of innovative regulated products.

Commenting on the increasing appeal of Bitcoin and gold as complementary assets in the current economic environment, Charles Morris, Founder and CIO of ByteTree Asset Management, emphasized the disciplined approach employed by BOLD in combining these assets. By offering a simple and transparent solution for investors seeking diversified exposure to Bitcoin and gold, BOLD aims to cater to the needs of those looking to navigate the uncertainties of inflation and monetary instability.

In conclusion, the listing of the 21Shares Bitcoin Gold ETP (BOLD) on the London Stock Exchange represents a significant development in the world of cryptocurrency investments. By offering investors exposure to both Bitcoin and gold in a single, regulated product, BOLD aims to provide diversification benefits, inflation protection, and a balanced risk profile. With its innovative approach to combining these assets, BOLD is poised to attract investors looking for a unique investment opportunity in the ever-evolving world of digital assets.