The exchange-traded product that joins gold and bitcoin into a single fund will be launched which will allow investors to invest in physical and digital assets (gold) in a single fund as announced by ByteTree Asset Management.
The 21 shares ByteTree Bold Index ETP is believed to trade under the ticker BOLD on the SIX Swiss Exchange. Since the trading follows a customized benchmark index that will include Bitcoin and gold as believed will rebalance monthly based on the volatility of the two assets (Bitcoin and gold).
Combining Bitcoin and gold might be a wise investment of the year. This tends to make the worth of Bitcoin to be $1 million as it is akin to digital gold, and gold rises to $20,000 as investors begin to invest their funds into hard assets (Bitcoin and gold).
Investing in gold and bitcoin might be a good hedge against inflation and Ray Dalio urged investors to invest in gold and Bitcoin. Many investors' minds as many do not believe Bitcoin is a good inflation hedge and do not trust the performance of gold to be added to their portfolio. Maybe the launched ETP may convince and encourage traditional investors to take a step.
Do you believe the ByteTree Asset Management mission will be achieved?
Following the news on Europe's mission to start trading its first dual Bitcoin-gold ETP. Flipkart registered a customer base of over 400 million which includes NFTs, play-to-earn, and other blockchain technologies.
They also revealed that they are looking for collaborative opportunities with SET, ZeLoop, PLAS, plastik and other technologists with similar motives.
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source https://www.reddit.com/r/btc/comments/ug7ds8/do_you_believe_europe_will_succeed_in_trading_its/
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