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21Shares Lists Bitcoin-and-Gold ‘BOLD’ ETP on London Stock Exchange

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Switzerland-based funding product supplier 21Shares has listed its Bitcoin and Gold exchange-traded product (ETP), BOLD, on the London Stock Exchange, marking the primary product on the venue to mix publicity to each Bitcoin and gold inside a risk-managed construction.

Trading begins on Tuesday 13 January 2026 underneath the tickers BOLD (GBP) and BOLU (USD).

The itemizing follows the UK Financial Conduct Authority’s decision in October 2025 to elevate restrictions on Bitcoin ETPs for skilled traders, opening the door for a broader vary of crypto-linked funding merchandise to enter the UK market.

A Hybrid of Two Scarce Assets

BOLD blends the world’s two most liquid different belongings—Bitcoin and gold—right into a single, bodily backed product. The technique is designed to seize Bitcoin’s upside whereas lowering volatility by diversification with gold, which has traditionally exhibited lower cost fluctuations and low correlation with digital belongings.

According to the agency since launching in Switzerland in April 2022, BOLD has delivered a complete return of 122.5% in GBP phrases by the tip of 2025, together with charges.

This compares with returns of 111.3% for Bitcoin and 113.0% for gold over the identical interval, highlighting the advantages of mixing the 2 belongings inside a rebalanced portfolio.

Risk-Weighted Rebalancing Strategy

According to the agency not like a easy 50/50 allocation, BOLD makes use of a month-to-month risk-weighted rebalancing strategy based mostly on 360-day inverse volatility.

This means the much less unstable asset receives the next weight, with the goal of sustaining an equal stage of threat publicity to each Bitcoin and gold somewhat than equal capital allocation.

The month-to-month rebalancing course of systematically trims the stronger-performing asset and will increase publicity to the weaker one.

According to knowledge from BOLDETF.com, this mechanism has generated a further 5–7% in extra returns each year on common, whereas delivering a smoother efficiency profile nearer to that of gold alone.

Performance Across Market Cycles

Since the Bitcoin market peak in late 2017, the BOLD Index has returned 450.3%, outperforming each Bitcoin and gold individually, in addition to a static 50/50 allocation.

The technique’s design permits it to adapt in periods of sharp volatility. For instance, following Bitcoin’s decline in February 2025, the following month-to-month rebalance elevated Bitcoin publicity, restoring the portfolio to its goal threat ranges.

Institutional Structure and Availability

BOLD is bodily backed, with gold custody offered by JP Morgan and Bitcoin held with Anchorage Digital Bank N.A. and Copper Technologies (Switzerland) AG.

The product carries a complete expense ratio of 0.65% and trades intraday, providing liquidity and transparency for institutional {and professional} traders.

Already listed on exchanges in Zurich, Frankfurt, Paris, Amsterdam and Stockholm, the London itemizing expands BOLD’s attain as demand grows for diversified, risk-adjusted publicity to digital belongings and arduous cash in a single, regulated car.

Digital Asset Funds See $454M Weekly Outflows

Latest CoinShares data shows digital asset funding merchandise recorded $454 million in internet outflows final week extending a pointy reversal in investor sentiment that has largely erased positive factors made firstly of the 12 months.

The pullback follows a four-day streak of outflows totalling $1.3 billion which has almost worn out the $1.5 billion of inflows recorded in the course of the first two buying and selling days of 2026.

The abrupt shift seems carefully tied to cooling expectations of a US Federal Reserve rate of interest lower in March after latest macroeconomic knowledge prompt inflation might stay extra persistent than markets had anticipated.

The publish 21Shares Lists Bitcoin-and-Gold ‘BOLD’ ETP on London Stock Exchange appeared first on Cryptonews.

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