"21Shares today launched its Bitcoin and gold exchange-traded product, the 21Shares Bitcoin Gold ETP (BOLD), on the London Stock Exchange, expanding the range of crypto-linked investment products available to UK retail investors. BOLD is the fifth cryptocurrency product from 21Shares to receive prospectus approval from the UK Financial Conduct Authority. It follows the firm's existing Bitcoin and Ethereum offerings and comes as demand grows for regulated exposure to digital assets through traditional market infrastructure."
"Developed in partnership with ByteTree Asset Management, BOLD combines Bitcoin and gold into a single vehicle designed around risk management rather than fixed allocations. The ETP rebalances monthly using inverse historical volatility, allocating more weight to the less volatile asset at each rebalance. The aim is to achieve roughly equal risk contribution from both Bitcoin and gold, rather than a simple 50/50 capital split."
21Shares launched the 21Shares Bitcoin Gold ETP (BOLD) on the London Stock Exchange, providing UK retail investors with regulated exposure to Bitcoin and gold. BOLD trades in pounds sterling under ticker BOLD and carries a 0.65% annual management fee. The ETP is physically backed, with Bitcoin and gold held in institutional-grade, offline custody to reduce counterparty and custody risk. Developed with ByteTree Asset Management, the product rebalances monthly using inverse historical volatility to target equal risk contribution between Bitcoin and gold. As of January 12, 2026, BOLD had $40.1 million AUM and a three-year Sharpe ratio of 1.79.
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