Overview
- Trading began on January 13 under tickers BOLD (GBP) and BOLU (USD), marking the LSE’s first risk-managed product combining the two assets.
- The product is 100% physically backed, charges a 0.65% annual fee, trades intraday, and holds gold with JPMorgan and Bitcoin with Anchorage Digital Bank and Copper.
- Allocations reset monthly using 360-day inverse volatility to target equal risk contribution, trimming the stronger asset and adding to the weaker one.
- Issuer disclosures cite approximately $40.1 million in assets under management and a three-year Sharpe ratio of 1.79 as of January 12, 2026, with reported outperformance versus Bitcoin, gold, and a static 50/50 since launch in Switzerland in 2022.
- The listing follows the UK FCA’s October 2025 policy change that opened the door to regulated crypto ETPs on UK exchanges, with the debut arriving as crypto funds saw recent net outflows tied to shifting rate-cut expectations.