Bitwaiz has launched a new exchange-traded product that balances bitcoin’s growth capacity with defensive characteristics of gold.
Crypto Asset Manager Bitwaiz has launched a new ETP product that combines bitcoin (BTC) and gold, which adjusts dynamic adjustment allocation based on market conditions. In March 6 Press releaseBitwaiz said that its new product offers Bitwaiz Diaman Bitcoin and Gold ETP (BTCG) after the Demin Bitcoin and Gold Index, adjusts the allocation based on market conditions.
Bitwaiz Europe’s chief Bradley Duke commented on the launch, saying that with the latest product offering, Bitwaiz customers now have “full sargam of options available in traditional markets.”
“As Crypto rapidly enters the mainstream, it is necessary that we present the entire gamal of options available to investors in traditional markets, including sophisticated hedges such as we have developed in collaboration with Diaman Partners.”
Bradley Duke
ETP uses ulcer indices monthly ribilance, a measure of negative risk. It is supported by the physical bitcoin and packs gold (paxg), which is a token released by Paxos, which is bound by gold stored in LBMA vaults. The assets are conducted by an institutional guardian in cold storage. BTCG is released in Germany and starts trading on Euronext Paris and Amsterdam on 6 March, giving investors a total expense ratio of 1.49% per year.
As a launch, Bitwaiz expands its presence in Europe, which after the acquisition of the ETC group, rebuilds its ETP suit and launching new products such as Bitwaiz Solana and Bitwaiz Aptos Staking ETP.
