BOLD
100% physically backed, the 21Shares Bytetree BOLD ETP (BOLD) expertly blends gold and Bitcoin (BTC) to deliver an ETP of two store-of-value assets. Updated on a monthly basis, the allocation is determined by the inverse historical volatility of each holding, committing a higher share to the more stable asset. The ETP provides diversification benefits and protection against inflation.
Overview
Description
100% physically backed, the 21Shares Bytetree BOLD ETP (BOLD) expertly blends gold and Bitcoin (BTC) to deliver an ETP of two store-of-value assets. Updated on a monthly basis, the allocation is determined by the inverse historical volatility of each holding, committing a higher share to the more stable asset. The ETP provides diversification benefits and protection against inflation.
Disclaimer
Benefits
Well-established inflation hedge
Gold is the physical inflation hedge while BTC is the digital inflation hedge. Both can act as a store of value when traditional currency is losing value. An investment in BOLD is a way for investors to gain access to a diversified inflation hedge that may perform well in varying economic conditions.
Risk-adjusted weighting
BOLD's risk-adjusted weighting scheme is rebalanced monthly to provide an optimal blend of underlying assets: gold provides safety in a storm while Bitcoin captures the growth of a digital economy.
100% physically backed
BOLD is 100% physically backed by the underlying assets. The underlying gold is kept in institutional-grade custody by JP Morgan in London. The underlying Bitcoin is kept in cold storage by an institutional-grade custodian offering greater protection than custody options available to individual investors.
Well-designed index
The Vinter Bytetree BOLD1 Inverse Volatility Index ("BOLD1") contains bitcoin and gold, weighted such that an equal amount of risk is invested into both assets. The more volatile bitcoin is (relative to gold) the lower the target weight in bitcoin. Periodic rebalancing brings the current weight to the target weights.
Carbon Neutral
Since 2018, 21Shares has been fully carbon-neutral. Our commitment involves offsetting our carbon footprint through green initiatives, like cleaner power generation, reforestation efforts, and coral reef protection, all geared towards safeguarding the planet for future generations.
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Performance
Market data provided by Alpha Vantage and CryptoCompare. Not investment advice, for informational purposes only. Historical performance is not an indication of future performance.
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Why 21Shares
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