BOLD

BOLD

21Shares Bytetree BOLD ETP

Blending Gold and Bitcoin – An Inflation Protection Strategy

Product Documents
Data as of August 12, 2022

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.

Notice: This ETP does not participate in lending.

Inflation protection

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

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

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.

Trading Information
ExchangeLocal TickerCurrency
SIX Swiss ExchangeBOLD SE
BOLDEUR SE
BOLDGBP SE
BOLDUSD SE
CHF
EUR
GBP
USD
Underlying Assets
CryptocurrencyWeightingQuantity per ETPReference Price
Bitcoin20.22%0.00015075 ($3.59)$23823.20
Gold79.78%0.00790780 ($14.17)$1792.10
  • SIX Swiss Exchange

Elegantly crafted in Switzerland

The material contained on this website is for informational purposes only and 21Shares AG, and its affiliates, is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. Additionally, the material accessible through this website does not constitute a representation that the investments described herein are suitable or appropriate for any person. Past performance is not an indication of any future performance. For the complete terms and condition, as well as the privacy policy, please see English version. In case of discrepancy, the English version shall prevail.

1) https://cointelegraph.com/news/bitcoin-is-worlds-best-performing-asset-class-over-past-10-years-says-pompliano

1) Annualized projected yield before management fee.

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