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21Shares Lists Bitcoin–Gold BOLD ETP on London Stock Exchange

The physically backed product blends bitcoin and gold in a rules-based inverse‑volatility mix following the UK regulator’s 2025 move to allow crypto ETP listings.

Overview

  • Trading began January 13 under the tickers BOLD (GBP) and BOLU (USD), with a 0.65% annual fee.
  • BOLD holds physical assets with institutional custody: gold at JPMorgan and bitcoin at Anchorage Digital Bank N.A. and Copper Technologies.
  • The strategy rebalances monthly using inverse historical volatility to target roughly equal risk contribution rather than a fixed 50/50 split.
  • 21Shares reported $40.1 million in assets under management and a three-year Sharpe ratio of 1.79 as of January 12.
  • Coverage differs on investor eligibility, with the issuer citing FCA‑approved prospectuses for UK retail access while some reports describe availability for professional investors.