Digital asset management company 21Shares has announced the listing of a new exchange-traded product (ETP) on the London Stock Exchange (LSE) that combines Bitcoin and gold in a single product. Developed in collaboration with ByteTree Asset Management, the product is the UK’s first ETP to offer crypto assets and traditional products in the same structure and is available to retail investors.
The ETP trades under the ticker symbol bold and follows a rules-based strategy that rebalances its portfolio allocation monthly. According to 21Shares, the weighting between Bitcoin and gold is determined based on the inverse of the asset’s historical volatility.
This approach aims to direct your portfolio toward assets with more consistent performance. Investors therefore get both the growth potential of Bitcoin and the relative stability of gold in the same commodity.
BOLD had $40.1 million in assets under management as of Jan. 12, according to company data. The product’s three-year Sharpe ratio is listed as 1.79, and it is notable that the ETP is physically backed and the underlying assets are held in cold wallets by institutional custodians. The product charges an annual management fee of 0.65% and trades in British pounds.
21Shares CEO Russell Barlow said BOLD offers investors the opportunity to hedge against inflation, gain exposure to Bitcoin’s growth potential, and benefit from the stabilizing effects of gold. Mr Barlow highlighted that by opening up access to crypto ETPs to retail investors in the UK, the UK aims to widen the range of innovative products regulated.
The listing comes after the FCA lifted its four-year retail ban on ETN cryptocurrencies in October 2025. This regulatory change has made the UK one of the fastest growing hubs for the European crypto ETP market, leading to a notable increase in trading volumes on the LSE.
*This is not investment advice.
