Bitwise has launched a new actively managed exchange-traded fund that combines Bitcoin and gold. The product aims to protect investors from currency weakness and inflation risks.
The ETF was announced on Jan. 22 by Bitwise Asset Management in partnership with Proficio Capital Partners. It is designed to adjust its holdings as market conditions change.
The fund, called the Bitwise Proficio Currency Debasement ETF, trades on the New York Stock Exchange under the ticker BPRO. It uses an active strategy rather than fixed asset weights.
BPRO blends Bitcoin with gold, silver, other precious metals, and mining stocks. The portfolio must always keep at least 25% of its assets in gold, while exposure to Bitcoin and other assets can rise or fall.
Bitwise said the fund is built for investors concerned about weakening fiat currencies. The firm views Bitcoin as digital scarcity that complements gold’s long-standing role as a store of value.
The ETF saw steady activity on its first trading day. It recorded about $13.2 million in trading volume and reached roughly $52.4 million in assets under management.
The fund targets capital appreciation and carries a total expense ratio of 0.96%. Portfolio decisions will draw on Bitwise’s digital asset expertise and Proficio’s experience with precious metals.
The launch is part of Bitwise’s broader expansion in regulated markets. The firm has recently introduced several crypto-related products in both the U.S. and Europe as demand for regulated digital asset exposure grows.
