Bitwise launches BPRO ETF to hedge currency debasement
4.7 Investments Bitwise launched the BPRO ETF on the NYSE, offering exposure to Bitcoin, gold, silver, and mining equities. The fund aims to hedge against currency debasement, with at least 25% allocated to gold.
Bitwise Asset Management has launched the Bitwise Proficio Currency Debasement ETF (BPRO) on the New York Stock Exchange. This actively managed fund is designed to help investors hedge against the declining purchasing power of fiat currencies. BPRO provides diversified exposure by blending Bitcoin, gold, silver, other precious metals, and mining equities. Notably, the ETF maintains a permanent minimum allocation of 25% to gold. The fund’s strategy allows for dynamic adjustments to asset allocations based on market conditions, aiming to balance stability with growth potential. Bitcoin exposure is achieved indirectly through regulated crypto exchange-traded products. Developed in partnership with Proficio Capital Partners, which manages $5 billion in assets, BPRO charges an annual management fee of 0.96%. The ETF offers a single-ticker solution for investors seeking both digital and traditional stores of value, reflecting a growing trend toward inflation and currency debasement hedges.
