Foresight News reports that Bitwise announced the launch of the Bitwise Proficio Currency Debasement ETF on the New York Stock Exchange (NYSE), with the ticker symbol BPRO. The fund is an actively managed investment strategy that invests in assets benefiting from the decline in the purchasing power of global fiat currencies, including gold, Bitcoin, silver, other precious metals, and mining stocks.
Bitwise stated that since 2006, the dollar’s purchasing power has decreased by 40%, and U.S. debt has approached $40 trillion, with debt interest payments exceeding $1 trillion in fiscal year 2026. BPRO aims to provide investors with a means to hedge against rising deficits and currency issuance risks by investing in anti-devaluation assets that are difficult to inflate or manipulate. The fund is launched in partnership between Bitwise and Proficio Capital Partners, which manages $5 billion in assets. The fund does not directly invest in cryptocurrencies but gains indirect exposure through investments in Crypto ETPs.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC breaks through 76000 USDT
Gate News bot message, Gate market shows, BTC breaks through 76000 USDT, current price is 76071.4 USDT.
CryptoRadar4h ago
Bitcoin ETFs Add $664 Million as Assets Top $100 Billion Again
Crypto exchange-traded funds (ETFs) capped the week with a powerful surge, led by bitcoin’s massive inflow that pushed assets back above $100 billion. Ether extended its streak, while XRP and solana continued their steady climb.
Key Takeaways:
Bitcoin ETFs drew $663.91 million, pushing net asset
Coinpedia4h ago
Whale Deposits 3M USDC to HyperLiquid, Increases 30x BTC Short Position to $52.89M
A whale deposited 3 million USDC to HyperLiquid, boosting its 30x leveraged Bitcoin short to 700 BTC, valued at $52.89 million. The short was opened at $75,919, with a liquidation price of $80,839.93.
GateNews5h ago
Alcoa to Sell Idle Aluminum Smelter to NYDIG for Bitcoin Mining Infrastructure
Alcoa plans to sell its dormant Massena East aluminum smelter in New York to bitcoin miner NYDIG, with the deal closing by mid-2026. The facility's infrastructure makes it ideal for bitcoin mining, reflecting a trend of repurposing retired industrial sites.
GateNews7h ago
BTC falls below 75000 USDT
Gate News bot message, Gate market data shows that BTC has fallen below 75000 USDT, with the current price at 74996.3 USDT.
CryptoRadar10h ago
