21Shares and ByteTree launch a gold-cum-Bitcoin ETP – Forbes India

The 21Shares ByteTree BOLD ETP is a collective brainchild of 21Shares, the Switzerland-based ETP provider and asset management firm ByteTree.

Both the issuers–21Shares and ByteTree–believe that the ETP will be a great investment vehicle for asset protection, guaranteeing substantial returns during these inflationary times.

If any of the two assets is less volatile than the other, investors will get more exposure to that asset.

The correlation between Bitcoin and gold is negative at -4 over the last 50 days and both the assets are moving in opposite directions.

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