The Swiss SIX Stock Exchange Has Launched an ETP Combining Bitcoin and Gold

The Swiss SIX stock exchange has launched an ETP combining bitcoin and gold. The product has been developed by ETP issuer 21Shares and cryptoasset data provider ByteTree Asset Management. The ByteTree Asset Management BOLD ETP will track a customized benchmark index comprising bitcoin and gold which rebalances on a monthly basis according to the comparative volatility of the two assets. At launch the weighting will be 18.5 % Bitcoin and 81.5% gold.