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As of Feb 03, 2023
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BOLD

21Shares Bytetree BOLD ETP

As of Feb 03, 2023
Net Asset Value:
$18.56
Assets Under Management:
$2,876,383
YTD Return:
+9.93%
1D Change:
-1.64%
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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.

Details

Key Information

Name21Shares Bytetree BOLD ETP
Inception DateApr 26, 2022
Issuer21Shares AG
AUM$2,876,383
Securities Outstanding155000
NAV$18.56
Fee1.49%
LendingNo

Ticker Symbols

Ticker
BOLD
Valor
114688230
ISIN
CH1146882308
Reuters
BOLD.S
WKN
A3GYXW
iNAV
DE000SL0ERS2
Bloomberg
BOLD SW
Performance
1M
Market data provided by Alpha Vantage and CryptoCompare. Not investment advice, for informational purposes only. Historical performance is not an indication of future performance.

Compare BOLD to:

Cumulative%

As of Feb 03, 2023
NAV
1 Month
+10.14%
3 Months
+13.53%
YTD
+9.93%
Since Inception
-7.82%
Trading

Trading Information

Euronext Amsterdam
Local Ticker
BOLD NA
Currency
USD
Euronext Paris
Deutsche Boerse Xetra
SIX Swiss Exchange

Underlying Assets

Bitcoin
Weighting
23.02%
Quantity Per ETP
0.00018157 ($4.27)
Reference Price
$23523.00
Gold
Service Providers
Flow Traders
Custody
Bank Frick
Market Maker
Flow Traders
Collateral Agent
The Law Debenture Trust Corporation PLC
Jane Street
Index Guide
Ticker
BOLD
Provider
Rebalancing Frequency
Strategy
Data Aggregator

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