21Shares has brought its Bitcoin and gold exchange-traded product BOLD to the London Stock Exchange. The ETP provides UK investors exchange‑based access to a rules‑driven blend of the two assets. The listing adds a “Bitcoin plus gold” option to 21Shares’ growing lineup of crypto ETPs, which already trade in London and across Europe.
Details of the BOLD Listing
The 21Shares Bitcoin Gold ETP, known by the ticker BOLD, began trading on the LSE on 13th January, 2024. The ETP tracks a custom index that holds both physical gold and Bitcoin. The product is 100 percent physically backed, with underlying gold and Bitcoin held in institutional custody. Furthermore, it rebalances monthly between the two assets based on their relative volatility.
BOLD originally launched in 2022 on SIX Swiss Exchange in partnership with ByteTree Asset Management. The strategy tilts more heavily toward the asset showing lower historical volatility, which has generally meant a larger gold allocation and a smaller, higher‑beta Bitcoin sleeve.
Position in the UK Crypto ETP Market
The LSE listing comes after UK regulators opened the door for crypto exchange-traded notes and products.
The UK development aims at professional and certain retail investors. 21Shares already offers several physically-backed Bitcoin and Ethereum ETNs in London and has captured a significant share of crypto ETN turnover on the exchange.
By adding BOLD, 21Shares is extending that lineup from single‑asset vehicles into a mixed “store‑of‑value” exposure. The vehicle bundles digital and traditional forms of scarce assets into a single security.
Context for Investors and Markets
BOLD’s arrival in London follows renewed institutional interest in Bitcoin ETPs and ETFs. This move comes after spot Bitcoin products launched in the United States and expanded in Europe. The hybrid design may appeal to allocators who want some upside from Bitcoin but prefer to pair it with gold’s longer track record as a macro hedge.
BOLD’s rules‑based rebalancing can shift its mix over time, so investors gain a dynamic, not fixed, split between the two assets. The LSE listing makes that approach available through UK brokers alongside more traditional single‑asset crypto notes, broadening the menu of regulated digital‑asset products.
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