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
Objective
ARKB seeks to track the performance of bitcoin. The Fund maintains exposure to “spot” bitcoin.
CETH (21Shares Core Ethereum ETF) constitutes the Trust. CETH seeks to track theperformance of ether as measured by the performance of the CME CF Ether-Dollar ReferenceRate, adjusted for the Trust’s expenses and other liabilities. The Fund maintains exposure to“spot” ether.
Disclosure
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.
* Bitcoin cold storage refers to the practice of keeping bitcoins in secure offline environments to safeguard them from potential online threats of hacking and theft. Cold storage provides vital protection for both long-term holders and investors against the numerous risks posed by malicious actors online. By keeping bitcoin holdings entirely offline or "in cold storage", users limit potential attack vectors that could compromise funds.
* Ether cold storage refers to the practice of keeping ether in offline environments to safeguard them from potential online threats of hacking and theft. Cold storage provides vital protection for both long-term holders and investors against the numerous risks posed by malicious actors online. By keeping ether holdings entirely offline or "in cold storage", users limit potential attack vectors that could compromise funds.
Failure by the Trust's Ether Custodian to exercise due care in the safekeeping of the Trust's ether could result in a loss to the Trust. Shareholders cannot be assured that the EtherCustodian will maintain adequate insurance with respect to the ether held by the custodian on behalf of the Trust.
Fund Details
Key Information
Ticker Symbols
Fees
Holdings
Performance
Cumulative Performance
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when redeemed may be worth more or less than the original cost. Extraordinary performance is attributable in part due to unusually favorable market conditions and may not be repeated or consistently achieved in the future. The Fund’s most recent month-end performance can be found in the fund documents section. Returns for less than one year are not annualized.
Net asset value (“NAV”) returns are based on the dollar value of a single share of the ETF, calculated using the value of the underlying assets of the ETF minus its liabilities, divided by the number of shares outstanding. The NAV of Shares is calculated each business day as of the close of regular trading on the Cboe BZX Exchange, Inc. (“Cboe), generally 4:00 pm Eastern time on each business day the Cboe BZX Exchange, Inc is open for trading. Market returns are based on the trade price at which shares are bought and sold on the Cboe BZX Exvhange, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects the reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the ETF’s shares may differ significantly from their NAV during periods of market volatility.
Why 21Shares
Innovative Products
Unlock the future of investing with one of the world's largest suites of crypto ETPs, enhancing product security and the opportunity to gain exposure to digital assets.
Trusted Expertise
Invest with more confidence as you explore the crypto space with our team of blockchain and financial industry experts, providing valuable market insights and striving to increase compliance throughout the investment journey in this space.
Unmatched Accessibility
Experience numerous avenues to gain exposure to the crypto markets through our extensive product range, which offer more traditional trading via global exchanges and brokers.
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