Bitwise Debuts Bitcoin and Gold ETP in Europe

Asset supervisor Bitwise has unveiled an exchange-traded product (ETP) monitoring bitcoin (BTC) and gold.

The Bitwise Diaman Bitcoin & Gold ETP (BTCG), which commenced buying and selling on Euronext Paris and Amsterdam on Thursday, replicates the Diaman Bitcoin and Gold Index.

The index dynamically reallocates worth between BTC and gold, relying on the risk-adjusted efficiency of bitcoin, thus profiting from cyclical traits between risk-on and risk-off habits in monetary markets.

While bitcoin is commonly described as a type of digital gold, it typically tracks threat property like tech shares somewhat than the yellow steel.

For instance, gold ascended to document highs in February amid issues about U.S. President Trump’s tariff plans. BTC, alternatively, fell almost 17%.