Bitwise Lists 'Currency Depreciation Hedge ETF' Combining Bitcoin and Gold

On the 22nd, leading U.S. cryptocurrency asset manager Bitwise announced the NYSE listing of a new ETF, 'BPRO', designed to address the depreciation of fiat currency value. The company, which manages over $15 billion in assets, has partnered with Proficio Capital Partners, a firm with $5 billion in assets, to implement an active management strategy that combines Bitcoin (BTC), gold, silver, other precious metals, and mining stocks. Matt Hogan, the Chief Investment Officer at Bitwise, pointed out that traditional combinations of stocks and bonds are struggling in an era of rapid monetary expansion. By combining the historical scarcity of gold with the digital scarcity of Bitcoin, the strategy aims to safeguard against the...