For the first time in its history, the new ETP, unveiled by 21Shares and ByteTree Asset Management, will bet on bitcoin and gold.
The first exchange-traded product that combines Bitcoin and gold exposure has been listed on Europe’s 3rd biggest stock exchange – SIX.
The fund will rebalance on the basis of 360-day historical volatility. The asset with less volatility will achieve higher weightage in a bid to maximize risk-weighted returns.
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