Bitwise and Proficio Capital Partners ETF targets gold, metals, bitcoin as alternative to currencies
Bitwise and Proficio Capital Partners have launched the Bitwise Proficio Currency Debasement ETF (BPRO.P), which aims to invest in alternatives to traditional currencies, including gold, bitcoin, silver, platinum, and palladium. The ETF will allocate at least 25% of its assets to gold, reflecting its rising value amid geopolitical tensions and increasing government debt. The fund's backers emphasize the importance of diversifying away from government-issued currencies, viewing these assets as a distinct asset class. They anticipate a long-term shift towards investing in 'hard currencies.'
Reuters·