Bitwise Launches Bitcoin, Precious Metals ETF to Hedge Currency Devaluation

Bitwise Asset Management launched the Bitwise Proficio Currency Debasement ETF on NYSE Arca on Jan. 22. The fund combines Bitcoin with gold and other precious metals. It also invests in mining stocks. The fund trades under the ticker BPRO with a 0.96% annual fee, according to Bitwise’s announcement. The ETF targets assets that may benefit from the declining purchasing power of government-issued currencies. It keeps at least 25% in gold at all times. Bitwise, which manages over $15 billion in client asse ...