21 Shares AG, a Swiss-based crypto exchange-traded products (ETP) issuer, has partnered with ByteTree Asset Management to launch a bitcoin and gold ETP.
The 21Shares ByteTree BOLD ETP is listed on the SIX Swiss Exchange and will track a new customised index comprising bitcoin and gold. The index will be rebalanced monthly, on the first day of the month, according to the inverse historic volatility of each. The less volatile asset will be accorded the higher weighting. The weighting at launch is 18.5% Bitcoin and 81.5% Gold. Commenting on the launch, Charlie Erith, CEO of ByteTree Asset Management, said the investment strategy is "a unique approach to blending a high return digital asset with a traditional store of value, with a lo...
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