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News Story Source: Zero Hedge – Tyler Durden
A novel exchange-traded product, combining Bitcoin and gold, has been launched on the SIX Swiss Exchange and comes when threats of stagflation have battered traditional 60/40 or risk-parity portfolios.
Switzerland-based firm 21Shares and U.K. alternative investment provider ByteTree Asset Management announced Wednesday BOLD ETP (ticker BOLD) to provide "protection against inflation, giving optimal risk-adjusted exposure to bitcoin and gold."
Once again, @21Shares builds bridges between traditional finance & #crypto by launching BOLD together with ByteTree AM! This ETP comprises bitcoin and gold, and rebalances monthly according to the inverse historic volatility of each asset. Details:
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— 21Shares (@21Shares) April 27, 2022