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Bitwise Asset Management has launched an actively managed exchange-traded fund that pairs Bitcoin exposure with gold and mining equities.
The Bitwise Proficio Currency Debasement ETF began trading on the New York Stock Exchange under the ticker BPRO.
The fund is designed to hedge against the declining purchasing power of fiat currencies.
Its portfolio includes Bitcoin, precious metals and shares of mining companies.
Unlike spot Bitcoin ETFs, the fund allows discretionary allocation across crypto and commodity-linked assets.
Bitwise said the structure targets wealth managers seeking diversified exposure rather than single-asset crypto products.
The ETF maintains a minimum allocation of 25% in gold at all times.
The fund carries an expense ratio of 0.96%.
Bitwise positioned the product around capital preservation rather than upside-driven returns.
“Gold remains a ghost in the modern portfolio,”
Bob Haber said, citing limited adoption despite strong historical performance.
Bitcoin has long been promoted as a hedge against currency debasement due to its fixed supply.
Recent market data shows Bitcoin has underperformed gold during periods of macroeconomic uncertainty.
Analysts said this divergence has raised questions about Bitcoin’s short-term effectiveness as a debasement hedge.
At the time of reporting, Bitcoin price was $89,581.10.