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IPFS News Link • Bitcoin

First-Ever "Hybrid" ETP Bets On Gold And Bitcoin As Inflation Hedge

• Zero Hedge - Tyler Durden

A novel exchange-traded product, combining Bitcoin and gold, has been launched on the SIX Swiss Exchange and comes when threats of stagflation have battered traditional 60/40 or risk-parity portfolios. 

Switzerland-based firm 21Shares and U.K. alternative investment provider ByteTree Asset Management announced Wednesday BOLD ETP (ticker BOLD) to provide "protection against inflation, giving optimal risk-adjusted exposure to bitcoin and gold."