21Shares lists Bitcoin-Gold BOLD ETP on London Stock Exchange
21Shares has listed its Bitcoin Gold exchange-traded product (ETP), known as BOLD, on the London Stock Exchange (LSE), expanding investor access to a vehicle that blends exposure to Bitcoin (BTC) and gold.
The BOLD ETP began trading on the LSE on Tuesday and is available in both pounds sterling and U.S. dollars. The launch follows the product’s initial listing on SIX Swiss Exchange in April 2022 and subsequent listings on Deutsche Boerse Xetra, Euronext Amsterdam, Euronext Paris and Nasdaq Stockholm.
BOLD allocation: approximately two-thirds gold and one-third Bitcoin
Developed with ByteTree Asset Management, BOLD is fully physically backed by its underlying assets and primarily allocates to gold. As of Monday, the fund held 65.85% in gold, valued at $4,604.10 per ounce, and 34.15% in Bitcoin, priced at $90,806 at the time of reporting, according to 21Shares’ data. The strategy is designed to balance risk between the two assets, citing gold’s historical role as an inflation hedge and Bitcoin’s increasing characterization as “digital gold.” ByteTree founder and chief investment officer Charles Morris said Bitcoin and gold are increasingly viewed as complementary assets amid persistent inflation and monetary uncertainty.
On the LSE, the product trades under the ticker “BOLD” in British pounds and “BOLU” in U.S. dollars.
The ETP reports a net asset value of $50.30, assets under management of $40.2 million, and carries an annual management fee of 0.65%, which covers custody, administration and ongoing operations.
21Shares operates a range of crypto ETPs, including products tracking Aave (AAVE), Cardano (ADA), Chainlink (LINK) and Polkadot (DOT). As of the end of last week, 21Shares oversaw approximately $4 billion in European crypto ETP assets, representing about 2% of the $181.9 billion in global crypto ETP assets under management, according to data from crypto asset manager CoinShares.
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