21Shares launched its Bitcoin and Gold exchange-traded product, ticker BOLD, on the London Stock Exchange on Jan. 13, marking the first U.K.-listed vehicle to combine both assets in a single exchange-traded instrument.
The product blends bitcoin and gold in a risk-weighted portfolio designed to deliver bitcoin-like returns with lower volatility than holding bitcoin alone.
Bitcoin and gold are held with institutional-grade custodians, and allocations are rebalanced monthly to maintain equal risk exposure rather than equal capital weights.
See also: Eric Adams Faces $3 Million Rugpull Allegations After Launching NYC Token Memecoin
The launch follows the United Kingdom’s lifting of restrictions on cryptocurrency exchange-traded products in October 2025. Since the shift, a door has been opened for crypto investment vehicles on British exchanges as demand for regulated digital asset investments continues to grow.
Plus, since its October 2025 debut, the U.K. exchange has seen significant activity in exchange-traded notes. The market noted $280 million of trading volume in the first month after restrictions were lifted, surpassed only by Xetra and SIX Swiss Exchange, according to IFA Magazine.
21Shares Bitcoin and Gold ETP Launches on London Stock Exchange, First U.K. Dual-Asset Product
BOLD has been trading on several major European exchanges since its debut in Switzerland in April 2022. Through the end of 2025, the product returned 122.5% in sterling terms, outperforming both bitcoin and gold individually over the same period.
The rebalancing strategy seeks to smooth performance and enhance returns by trimming exposure to the stronger asset and adding to the weaker one each month. This approach aims to balance growth potential with stability.
The product trades intraday on the London Stock Exchange and carries a total expense ratio of 0.65%, providing investors with direct exposure to both assets through a single ticker.
The launch reflects growing institutional appetite for regulated cryptocurrency investment vehicles. Traditional investors and fund managers increasingly seek exposure to digital assets through compliant, regulated products rather than direct cryptocurrency purchases.
21Shares, a major provider of exchange-traded products linked to digital assets, has expanded its offerings across European exchanges in recent years. The company offers cryptocurrency and blockchain-focused ETPs designed for institutional and retail investors.
The Bitcoin and Gold ETP targets investors seeking diversification beyond traditional assets. Bitcoin’s historical growth, when combined with gold’s characteristics as a store of value, BOLD aims to appeal to a broader investor base concerned with volatility management.
The product’s monthly rebalancing also succinctly distinguishes it from passive index products and offers active management designed to optimize risk-adjusted returns, a strategy that has resonated with European investors seeking exposure to alternative assets with built-in volatility controls.
If you’re reading this, you’re already ahead. Stay there by joining Dipprofit’s private Telegram community.
Discover more from Dipprofit
Subscribe to get the latest posts sent to your email.
