Share this article
World's First Combined Bitcoin, Gold Exchange-Traded Product Listed in Switzerland
The product was developed by ETP issuer 21Shares and crypto data provider ByteTree Asset Management.
Updated May 11, 2023, 4:17 p.m. Published Apr 27, 2022, 8:07 a.m.
The world's first exchange-traded product (ETP) that combined exposure to bitcoin and gold has been listed on the Swiss SIX stock exchange.
- The product was developed by ETP issuer 21Shares and crypto data provider ByteTree Asset Management.
- The ByteTree Asset Management BOLD ETP will track a customized benchmark index comprising bitcoin and gold, which rebalances on a monthly basis according to the comparative volatility of the two assets. Whichever has been less volatile over the past 360 days will be given the higher weighting.
- At launch the weighting will be 18.5% bitcoin and 81.5% gold.
- "Bond-to-equity ratio of 60:40 has lost its luster: BOLD is the new 60:40. Gold's volatility is now lower than Nasdaq, but the yellow metal has offered better returns than tech stocks, tech stocks are falling because of peak internet. So, bitcoin is likely to outperform Nasdaq in both bull and bear markets," said Charlie Morris, ByteTree's founder and chief investment officer.
- While crypto ETPs have become widespread in Europe with more than 70 now listed, BOLD appears to the be the first that combines bitcoin and gold exposure.
- Bitcoin has often been compared to gold becuase its perceived benefits in portfolios as a hedge against inflation. Investment products that combine the benefits of the two while offsetting some of their risks could therefore prove popular as inflation in the eurozone area hit 7.5% last month.
Read more: Bitcoin's Correlation With Gold-Backed PAXG Token Weakens to Record Low
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
