A bitcoin and gold ETF hit the market
This Wednesday, October 16, an exchange-traded fund (ETF) was launched in the United States that exposes investors to both bitcoin (BTC) and the price of gold.
It is aboutl STKD Bitcoin & Gold ETF (BTGD)which is issued by Quantity Funds. As CriptoNoticias had reported at the time, the company has been carrying out the corresponding steps since June, at least, to be able to bring this financial product to the market.
BTGD, according to the explanation from Quantity Funds, search provide simultaneous exposure to gold and bitcoin through futures of both assets.
The composition of this ETF allows the investor to have 100% exposure to their strategy in both assets with each dollar invested.
“The bitcoin strategy seeks to capture the price performance of bitcoin, by investing in bitcoin futures and ETPs, while the gold strategy similarly seeks to capture the price performance of gold through investments in gold futures and ETPs.” .
Quantity Funds, investment company.
The launch occurs just when gold is trading near all-time highs and bitcoin has resumed its bullish course, trading above $68,000 in the last few hours as can be seen in the following chart. TradingView:
The integration of bitcoin into traditional finance grows
The launch of the STKD Bitcoin & Gold ETF marks a important milestone for the consolidation of bitcoin as a respected asset within the financial world.
For years, the digital currency created by Satoshi Nakamoto has been perceived with skepticism by many traditional investors, who viewed it as a volatile and risky asset. However, the addition of BTC to an exchange-traded fund that also includes gold, one of the safest and most traditional assets, is a sign that the market is evolving towards greater acceptance of digital assets.
The combination of bitcoin with a traditional asset like gold gives legitimacy to “electronic cash” in the eyes of the most conservative investors. Gold has been a safe haven for centuries, and by pairing it with bitcoin in an ETF, you are creating a bridge between the world of cryptocurrencies and that of traditional finance.
Increasingly, markets and fund managers are leaving their initial doubts behind and considering bitcoin as a valid option to diversify their portfolios.
One factor that may be driving this acceptance of bitcoin is the generational replacement that is occurring among investors. New generations, more familiar with digital technology and cryptocurrencies, are gaining weight in investment decisions. These generations see bitcoin as a valuable asset and as an innovative technology that can transform the financial system.