5 months ago
Asset manager Bitwise has unveiled an exchange-traded merchandise (ETP) tracking bitcoin (BTC) and gold.
The Bitwise Diaman Bitcoin & Gold ETP (BTCG), which commenced trading connected Euronext Paris and Amsterdam connected Thursday, replicates the Diaman Bitcoin and Gold Index.
The scale dynamically reallocates worth betwixt BTC and gold, depending connected the risk-adjusted show of bitcoin, frankincense taking vantage of cyclical trends betwixt risk-on and risk-off behaviour successful fiscal markets.
While bitcoin is often described arsenic a signifier of integer gold, it often tracks hazard assets similar tech stocks alternatively than the yellowish metal.
For example, golden ascended to grounds highs successful February amid concerns astir U.S. President Trump's tariff plans. BTC, connected the different hand, fell astir 17%.
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