Overview

Bitwise has introduced an exchange-traded product (ETP) that tracks both bitcoin (BTC) and gold. The Bitwise Diaman Bitcoin & Gold ETP (BTCG), which began trading on Euronext Paris and Amsterdam on Thursday, replicates the Diaman Bitcoin and Gold Index.

Key Features

• Dynamic Reallocation: The index reallocates value between BTC and gold based on the risk-adjusted performance of bitcoin.
• Cyclical Trends: This strategy seeks to capitalize on market behaviors between risk-on and risk-off phases in financial markets.

While often referred to as digital gold, bitcoin typically correlates with risk assets like technology stocks rather than the traditional appeal of gold.

For instance, gold reached all-time highs in February amidst worries about U.S. President Trump’s tariff policies, while BTC decreased by nearly 17%.

Gold

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