Bitwise launches new ETF targeting Bitcoin, gold, and mining equities

Source: CryptoNewsNet Original Title: Bitwise launches new ETF targeting Bitcoin, gold, and mining equities Original Link: Bitwise Asset Management, in partnership with Proficio Capital Partners, has rolled out a new exchange-traded fund that provides exposure to Bitcoin, gold, silver, precious metals, and mining equities.

The fund, called the Bitwise Proficio Currency Debasement ETF (BPRO), aims to help investors hedge against the declining purchasing power of fiat currencies, targeting a minimum 25% allocation to gold while adjusting exposures based on market conditions.

“BPRO seeks to give investors a way to shield portfolios from the unstoppable train of reckless spending, rising deficits, and money printing by governments worldwide by investing in debasement-resistant assets that can’t be easily inflated or manipulated,” Bitwise said in a statement.

“Currency debasement isn’t just a theoretical risk; it is an active tax on every dollar an investor saves. BPRO represents the evolution of our wealth preservation mission,” Bob Haber, CIO at Proficio, stated.

The ETF, leveraging Bitwise’s crypto expertise and Proficio’s long-standing experience in precious metals, is now trading on the NYSE and charges an annual management fee of 0.96%.