21Shares lists Bitcoin-and-gold ETP BOLD on London Stock Exchange

21Shares has begun trading its Bitcoin and gold exchange-traded product, the 21Shares Bitcoin Gold ETP (BOLD), on the London Stock Exchange, the company said. Developed with ByteTree Asset Management and 100% physically backed by its underlying assets, BOLD allocates the majority of its assets to gold.

The fund’s description said it allocates equal risk to both assets to offer a balanced approach for investors seeking to hedge against inflation, citing gold’s traditional role as an inflation hedge and Bitcoin’s reputation as “digital gold.” ByteTree founder Charles Morris said Bitcoin and gold are increasingly seen as complementary assets.

As of Monday the ETP held 65.85% gold, valued at $4,604.10 per ounce, and 34.15% Bitcoin, priced at $90,806 at the time of writing. Morris noted on X that the fund is trading on the LSE under the ticker “BOLD” in British pounds and “BOLU” in US dollars. The product has a net asset value of $50.30, total assets under management of $40.2 million, and an annual management fee of 0.65%.

The LSE listing follows BOLD’s debut on the SIX Swiss Exchange in April 2022 and subsequent listings on other European exchanges including Deutsche Boerse Xetra, Euronext Amsterdam, Euronext Paris and Nasdaq Stockholm.

Key Topics

Crypto, London Stock Exchange, Bold Etp, Bytetree Asset Management, Bitcoin, Gold