The 21Shares Bitcoin and Gold ETP, known as BOLD, will begin trading on the London Stock Exchange on January 13th, offering an exchange-traded vehicle designed to offer returns similar to Bitcoin with lower volatility.
BOLD blends two of the world’s most liquid alternative assets into a single risk-weighted portfolio, making it the first UK-listed product to offer both within a single listed trading vehicle.
The introduction comes amid increased demand for investment in regulated digital assets following the lifting of restrictions on crypto exchange-traded products in the UK in October. According to IFA Magazine, in the first month after the ban ended, the exchange’s listed bond trading volume was $280 million, surpassed only by Xetra and SIX Swiss Exchange.
By combining Bitcoin, BTC$91,875.39 BOLD focuses on the growth potential of gold’s role as a store of value and targets investors who seek diversification beyond traditional assets, with less volatility than holding Bitcoin alone.
The product will debut in Switzerland in April 2022 and is already traded on several major European exchanges. Since its introduction, it has recorded a return of 122.5% in pound terms by the end of 2025, outperforming both Bitcoin and gold over the same period.
The Bitcoin and gold that backs our products are held by institutional-grade custodians. Rather than equalizing capital weights, allocations are rebalanced monthly to maintain equal levels of risk exposure. This approach aims to smooth performance while increasing returns by removing stronger assets and adding weaker ones.
This product trades intraday and has a total expense ratio of 0.65%.
