The 21Shares Bitcoin Gold ETP allocates two-thirds to gold and one-third to Bitcoin and trades in pounds sterling and dollars on the London Stock Exchange.
21Shares, a major global exchange-traded product (ETP) provider, has expanded access to its investment product that combines exposure to Bitcoin and gold.
The 21Shares Bitcoin Gold ETP (BOLD), which tracks both Bitcoin () and gold, debuted trading on the London Stock Exchange (LSE) on Tuesday, to an announcement.
“Now that retail investors in the UK have access to crypto ETPs, 21Shares is dedicated to delivering a wider selection of innovative regulated products,” 21Shares CEO Russell Barlow said.
The LSE rollout comes years after in April 2022. The company has since the product on major European exchanges, including Deutsche Boerse Xetra, Euronext Amsterdam, Euronext Paris and Nasdaq Stockholm.
Developed in partnership with investment research platform ByteTree Asset Management, BOLD is 100% physically backed by its underlying assets and allocates the majority of its assets to gold.
As of Monday, the 21Shares Bitcoin Gold ETP holds 65.85% gold, valued at $4,604.10 per ounce, and 34.15% Bitcoin, priced at $90,806 at the time of writing, to the fund’s data.
“By allocating equal risk to both assets, BOLD offers a balanced approach for investors seeking to hedge against inflation,” the fund’s description said, citing gold’s long-standing role as an inflation hedge and as “digital gold.”
“Bitcoin and gold are increasingly seen as complementary assets in a world of persistent inflation and monetary uncertainty,” said Charles Morris, ByteTree founder and chief investment officer.
He in a post on X that the fund has begun trading on the LSE under the ticker “BOLD” in British pounds sterling and “BOLU” in US dollars.
The 21Shares BOLD ETP has a net asset value of $50.30, with total assets under management of $40.2 million, and an annual management fee of 0.65% covering custody, administration and ongoing operation.
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The fund is one of , including products tracking such as Aave (), Cardano (), Chainlink () and Polkadot ().
At the end of last week, 21Shares about $4 billion in assets under management (AUM) for European crypto ETPs, representing about 2% of the $181.9 billion in global crypto ETP AUM, according to data from crypto asset manager CoinShares.
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