A new exchange-traded fund (ETF) designed to invest in both Bitcoin and gold was launched on Wednesday. The STKD Bitcoin & Gold ETF aims to provide investors with protection against future inflation and currency devaluation.
Quantity Funds, the asset management firm behind the ETF, initially proposed the idea in June. The fund’s ticker symbol is BTGD and offers retail investors a unique way to gain exposure to both Bitcoin and gold.
The ETF’s strategy involves investing in Bitcoin and gold futures and ETFs. This approach allows investors to benefit from the potential price appreciation of both assets.
The fund’s structure ensures that every $1 invested provides 100% exposure to its Bitcoin and gold strategy.
