Bitwise debuts Bitcoin-gold ETP with dynamic allocation

Bitwise launched a new product negotiated in exchange balancing Bitcoin’s growth potential with the defensive characteristics of Gold.

Crypto Asset Manager In the world launched a new ETP product that combines bitcoin (BTC) and gold, dynamically adjusting allowances according to market conditions. In a March 6 press releaseBitwise said its new product offer nicknamed Bitwiman Dimanche Bitcoin & Gold ETP (BTCG) dynamically adjusts the allowances according to market conditions, after the Sunday Bitcoin & Gold index.

Bradley Duke, head of Bitwise Europe, commenting on the launch said that with the latest product offer, Bitwise customers now have the “full range of options available in traditional markets”.

“As the crypto quickly enters into the dominant current, it is essential that we offer investors the entire range of options available in traditional markets, including sophisticated hedges such as those that we have developed in cooperation with Sunday Partners.”

Bradley Duke

The ETP re -evaluates the indices of ulcers monthly, a lower risk measure. It is supported by physical bitcoin and pax gold (Paxg), a token emitted by Paxos, which is linked to gold stored in LBMA vaults. The assets are kept in cold storage by an institutional goalkeeper. BTCG is issued in Germany and begins to negotiate on Euronext Paris and Amsterdam on March 6, offering investors a total expenditure ratio of 1.49% per year.

The launch comes while Bitwise has expanded its presence in Europe After its acquisition of groups etc, rename its ETP suite and throw new products such as the Solana Bit and the Aptos Bitwise Strike ETPS.