Holpop News

The world’s first exchange-traded product (ETP) that combines access to bitcoin and gold has been listed on the Swiss SIX stock exchange.
The product was developed by 21Shares and crypto-asset data provider ByteTree Asset Management.
ByteTree Asset Management BOLD ETP will track a customizable benchmark index including bitcoins and gold. The ETP will be balanced monthly according to the relative volatility of the two assets.
The asset that has been less volatile over the past 360 days will receive a higher weight.
At launch, the asset weight will be distributed as follows: 18.5% for bitcoin and 81.5% for gold.
“The 60:40 bond/stock ratio has lost its luster: BOLD is the new 60:40 ratio. Gold’s volatility is now lower than the Nasdaq, but the yellow metal offers higher returns than tech stocks, and tech stocks are falling because of the peak of the Internet. Bitcoin is likely to outperform the Nasdaq in both bull and bear markets,” said ByteTree IT director Charlie Morris.