Bitwise Launches Actively Managed Bitcoin-Gold ETF Focused on Currency Protection
Bitwise Asset Management has introduced a new actively managed exchange-traded fund designed to help investors hedge against currency debasement by combining digital and physical stores of value.
The product was announced on Jan. 22 in partnership with Proficio Capital Partners and brings together Bitcoin, gold, and other hard assets within a single dynamically managed portfolio.
How the ETF is structured
The fund, called the Bitwise Proficio Currency Debasement ETF, trades on the New York Stock Exchange under the ticker BPRO. It uses an active strategy that adjusts exposure as market conditions evolve, with the goal of preserving purchasing power during periods of fiat currency weakness.
BPRO blends Bitcoin with gold, silver, other precious metals, and mining equities. While allocations shift based on macroeconomic signals, the portfolio is required to maintain a minimum 25% allocation to gold at all times. Unlike static allocation funds, the ETF rotates between digital and physical assets rather than holding fixed weights.
Bitwise said the strategy reflects growing challenges facing traditional stock-and-bond portfolios in environments marked by rising debt levels and monetary expansion. Bitcoin is positioned as a form of digital scarcity, complementing gold’s long-standing role as an inflation hedge.
Early trading and investor response
The ETF saw steady activity on its first trading day, posting approximately $13.2 million in trading volume and reaching about $52.4 million in assets under management by the close of trading on Jan. 22. While small compared with large spot Bitcoin ETFs, the figures suggest early interest in an actively managed hard-asset strategy.
BPRO targets investors seeking capital appreciation and carries a total expense ratio of 0.96%. Portfolio decisions will draw on Bitwise’s digital asset expertise alongside Proficio Capital Partners’ experience managing precious metals strategies for high-net-worth clients and institutional investors.
Expanding Bitwise’s regulated footprint
The ETF launch follows Bitwise’s continued expansion across regulated markets. Earlier in January, the firm listed seven physically backed crypto exchange-traded products on Nasdaq Stockholm, marking its entry into Sweden’s digital asset investment market.
Those offerings include Bitcoin and Ethereum ETPs, staking-focused products, a Solana staking ETP, and a blended Bitcoin-gold product. Together, they underscore Bitwise’s strategy of positioning itself as a bridge between traditional portfolio construction and digital assets as demand for regulated crypto exposure continues to grow.
