Bitwise, a prominent crypto asset manager, has announced the launch of a new product that blends Bitcoin's growth potential with the stability of gold.
Launch of Bitwise's New ETP
On March 6, Bitwise unveiled a new ETP that dynamically adjusts its allocations between Bitcoin and gold according to market conditions, following the Diaman Bitcoin & Gold Index, focusing on maintaining a balance between these two assets.
Features and Strategy of the ETP
The ETP is designed for investors seeking balanced exposure to both assets, using a monthly rebalancing strategy based on ULCER indices, which measure downside risk. The product is backed by physical Bitcoin and Pax Gold (PAXG), linked to reserves stored in LBMA-accredited vaults. All assets are secured by an institutional custodian.
International Presence and Achievements of Bitwise
BTCG has been issued in Germany and is now trading on Euronext Paris and Amsterdam, with a yearly expense ratio of 1.49%. The launch follows Bitwise's expansion into European markets after acquiring ETC Group, rebranding its ETP suite, and introducing new products, including Bitwise Solana and Bitwise Aptos Staking ETPs.
Bitwise continues to expand its international footprint by offering investors new products that combine traditional and crypto assets. This development marks the company's efforts to provide innovative solutions for financial markets.
