1M
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As of Sep 27, 2023
As of Sep 27, 2023
Net Asset Value:
$19.03
Assets Under Management:
$3,995,704
YTD Return:
+12.72%
1D Change:
-0.4%
Overview
Description
The 21Shares Bytetree BOLD ETP (BOLD) seeks to serve as an inflation hedge by tracking an index that comprises bitcoin and gold, and rebalances monthly according to the inverse historic volatility (360-day) of each asset.
Objective
The 21Shares Bytetree BOLD ETP (BOLD) aims to deliver inflation protection by tracking an index that gives optimal risk-adjusted exposure to bitcoin and gold.
Benefits
Inflation protection
Gold has proved itself a store of value over thousands of years and bitcoin is its digital equivalent. Both are hard assets that are deemed to protect investors from inflation. Gold tends to lead when the economy is contracting, in contrast to bitcoin which has performed best when the economy has been expanding.
Risk-management
The strategy adjusts weightings monthly according to historic volatility. The less volatile asset will be accorded the higher weighting. By automatically adjusting weightings the rebalancing aims to smooth and enhance combined returns over time. This is because the strategy continually favours the less risky asset, as measured by historic volatility.
Portfolio Diversification
Gold and bitcoin provide diversification to a balanced portfolio. BOLD offers investors a convenient way to invest in gold and bitcoin, in a structure that prudently manages risk. Rebalancing transactions are carried out within a tax efficient structure.
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