Bitwise launches active ETF blending Bitcoin and gold to hedge fiat debasement
Bitwise Asset Management has launched an actively managed ETF that mixes Bitcoin with gold and other hard assets to help investors hedge against currency debasement. Announced Jan. 22 in partnership with Proficio Capital Partners, the Bitwise Proficio Currency Debasement ETF trades on the New York Stock Exchange under the ticker BPRO.
What the fund holds and how it works
- BPRO combines Bitcoin with gold, silver, other precious metals and related mining equities.
- The fund uses an active strategy that adjusts exposure between digital and physical stores of value as market conditions change, rather than sticking to fixed allocations.
- It must maintain a minimum 25% allocation to gold at all times.
- Bitwise positions Bitcoin as a form of “digital scarcity” that complements gold’s historic role as an inflation hedge.
Why Bitwise says it launched the product
Bitwise frames the ETF as a response to the limits of traditional stock-and-bond portfolios in periods of high debt and monetary expansion. By rotating exposure between crypto and hard assets, the fund aims to preserve purchasing power as fiat currencies weaken.
Early market reception and fees
On its first trading day BPRO recorded roughly $13.2 million in volume and finished Jan. 22 with about $52.4 million in assets under management—early interest, though modest compared with major spot Bitcoin ETFs. The fund targets capital appreciation and carries a total expense ratio of 0.96%.
Management and track record
Portfolio decisions will be guided by Bitwise’s digital-asset expertise alongside Proficio’s experience managing precious-metals strategies for high-net-worth clients and foundations.
Context: Bitwise’s broader push
The launch is part of Bitwise’s wider expansion across regulated markets. Earlier in January the firm listed seven physically backed crypto exchange-traded products on Nasdaq Stockholm—including Bitcoin and Ethereum ETPs, staking-focused offerings, a Solana staking product, and a Bitcoin-gold blended ETP—signaling growing activity in both U.S. and European regulated channels.
Bottom line
BPRO represents a differentiated, active approach to combining crypto and traditional hard assets for investors seeking a hedge against currency debasement. Its success will depend on how effectively managers rotate exposures and whether demand grows for regulated products that bridge conventional and digital-asset strategies.
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