Bitcoin and gold fund BOLD debuts on London Stock Exchange

21Shares has launched its Bitcoin Gold ETP known as BOLD on the London Stock Exchange, expanding UK access to a hybrid crypto and commodities product.

The fund allocates roughly two-thirds of its assets to gold and one-third to Bitcoin, offering exposure to both assets in a single vehicle.

BOLD trades on the LSE in pounds sterling under the ticker BOLD and in US dollars under the ticker BOLU.

Now that retail investors in the UK have access to crypto ETPs, 21Shares is dedicated to delivering a wider selection of innovative regulated products.

Russell Barlow said.

The product was developed with ByteTree Asset Management and is fully backed by physical gold and Bitcoin holdings.

Fund data shows gold accounts for about 65.85% of assets, while Bitcoin represents around 34.15%.

Bitcoin and gold are increasingly seen as complementary assets in a world of persistent inflation and monetary uncertainty.

Charles Morris said.

The ETP was first listed in Switzerland in 2022 and has since expanded across major European exchanges.

21Shares said the fund aims to provide a balanced hedge against inflation by combining traditional and digital stores of value.

At the time of reporting, Bitcoin price was $95,195.69.