- Products
Single Assets
ABTC21Shares Bitcoin ETP
AETH21Shares Ethereum ETP
ABCH21Shares Bitcoin Cash ETP
AXRP21Shares Ripple XRP ETP
ABNB21Shares Binance BNB ETP
AXTZ21Shares Tezos Staking ETP
ADOT21Shares Polkadot ETP
AADA21Shares Cardano ETP
AXLM21Shares Stellar ETP
ASOL21Shares Solana Staking ETP
POLY21Shares Polygon ETP
AVAX21Shares Avalanche ETP
ALGO21Shares Algorand ETP
LUNA21Shares Terra ETP
ATOM21Shares Cosmos ETP
LINK21Shares Chainlink ETP
AUNI21Shares Uniswap ETP
AAVE21Shares Aave ETP
AFTT21Shares FTX Token ETP
MANA21Shares Decentraland ETP
AFTM21Shares Fantom ETP
SAND21Shares The Sandbox ETP
Indexes
HODL21Shares Crypto Basket Index ETP
HODLV21Shares Crypto Basket Equal Weight ETP
HODLX21Shares Crypto Basket 10 ETP
ABBA21Shares Bitcoin Suisse Index ETP
MOONSygnum Platform Winners Index ETP
KEYS21Shares Bitwise Select 10 ETP
ALTS21Shares Crypto Mid-Cap Index ETP
BOLD21Shares Bytetree BOLD ETP
LAY121Shares Crypto Layer 1 ETP
DEFII21Shares DeFi 10 Infrastructure ETP
en-EU
BOLD
21Shares Bytetree BOLD ETP
Blending Gold and Bitcoin – An Inflation Protection Strategy
Fact Sheet
Index Guide
Prospectus
Final Terms
KID
Bar ListDescription
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.
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.
| Exchange | Local Ticker | Currency |
| SIX Swiss Exchange | BOLD SE BOLDEUR SE BOLDGBP SE BOLDUSD SE | CHF EUR GBP USD |
| Cryptocurrency | Weighting | Quantity per ETP | Reference Price |
| Bitcoin | 15.06% | 0.00009428 ($2.76) | $29320.88 |
| Gold | 84.94% | 0.00861380 ($15.60) | $1810.65 |
