21Shares Launches the UK’s First Bitcoin and Gold Exchange-Traded Product
Asset manager 21Shares has listed its new exchange-traded product combining Bitcoin and Gold on the London Stock Exchange. Trading under the ticker BOLD, this product was developed in collaboration with ByteTree Asset Management.
The launch marks the first product of its kind in the UK that combines exposure to both Bitcoin and physical gold in a single investment vehicle.
21Shares Debuts Hybrid ETP
BOLD is designed to give investors regulated and accessible exposure to two of the world’s most liquid alternative assets. Bitcoin offers growth potential and digital scarcity, while gold has a long history as a safe‑haven asset. By blending them, BOLD aims to reduce the volatility often seen in standalone crypto products while still capturing upside when markets rise.
Moreover, the product uses a risk‑weighted strategy that rebalances monthly. Allocation between Bitcoin and gold is determined by their inverse historical volatility. The portfolio is weighted toward the asset that has shown greater stability. This approach enables investors to navigate changing market conditions without requiring frequent manual adjustments.
Additionally, as of January 12, BOLD had $40.1 million in assets under management and a three-year Sharpe ratio of 1.79. The ETP is physically backed, with underlying assets held in cold storage by an institutional custodian. It carries a 0.65% annual management fee and is quoted in pounds sterling.
UK Regulatory Shift Fuels Market Expansion
The London listing comes as UK regulators have eased restrictions on cryptocurrency investment products. Last October, the FCA removed a four-year retail ban on crypto-based exchange-traded notes. This move reopened the door for broader retail participation through standard brokerage accounts and tax-advantaged wrappers such as ISAs.
About two months after the retail ban was lifted, data from the London Stock Exchange showed over $280 million in crypto ETN trading volume, with a daily average of $11.7 million. This surge positioned the UK as Europe’s third-largest market for crypto ETPs by volume. Against this backdrop, BOLD’s debut reflects a growing shift toward structured and diversified digital asset products.
The post 21Shares Launches the UK’s First Bitcoin and Gold Exchange-Traded Product appeared first on CoinTab News.
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