Switzerland-based ETF issuer 21Shares has partnered with Byte Tree Asset Management to launch a Bitcoin and gold exchange-traded product (ETP), dubbed 21Shares ByteTree BOLD ETP (BOLD), listed on the Swiss SIX exchange.
It will track a custom index composed of Bitcoin and gold, with assets weighted inversely to their risk and rebalanced monthly, with BOLD at launch at 18.5% Bitcoin and 81.5% gold.