21Shares Launches First UK Retail ETP Merging Bitcoin and Gold on LSE

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21Shares has listed a novel exchange-traded product (ETP) that blends bitcoin and gold on the London Stock Exchange.

Created with ByteTree Asset Management, this marks the first UK-listed ETP offering retail investors combined exposure to a cryptocurrency and a traditional asset.

Trading under the ticker BOLD, the product employs a monthly rebalancing strategy. It allocates between bitcoin and gold based on their inverse historical volatility, favoring the asset that has shown greater relative stability, according to 21Shares.

As of January 12, BOLD reported $40.1 million in assets under management and a three-year Sharpe ratio of 1.79. The physically backed ETP holds its underlying assets in cold storage via an institutional custodian. It carries a 0.65% annual management fee and is quoted in British pounds.

“BOLD aims to offer investors a potential inflation hedge, exposure to bitcoin’s growth, and the relative stability of gold,” said 21Shares CEO Russell Barlow. “With UK retail investors now able to access crypto ETPs, we are committed to delivering a wider range of innovative, regulated products.”