Bitwise Introduces Active ETF Merging Bitcoin and Gold Holdings

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Bitwise Asset Management has introduced a new exchange-traded fund crafted as a hedge against currency devaluation. This move highlights how digital assets are increasingly being woven into broader macroeconomic investment portfolios, following the successful launch of spot Bitcoin ETFs.

The fund, named the Bitwise Proficio Currency Debasement ETF, began trading on the NYSE under the ticker BPRO on Thursday. It is actively managed and aims to counteract the eroding purchasing power of fiat money by holding a mix of assets that includes Bitcoin, precious metals, and mining company stocks.

BPRO differs from single-asset spot Bitcoin ETFs by allowing flexible allocations across both cryptocurrency and commodity-linked investments. This structure seems tailored for wealth managers interested in Bitcoin exposure but hesitant to dedicate funds to a purely crypto product, especially during times of ongoing inflation concerns.

The ETF is required to keep a minimum of 25% of its portfolio in gold at all times. It carries an annual management fee of 0.96%.