21Shares lists ETP combining bitcoin and gold on LSE as UK retail crypto access expands
21Shares launched a new ETP combining Bitcoin and gold on the LSE, following the UK's removal of the retail ban on crypto ETPs.Summary
21Shares, in collaboration with ByteTree Asset Management, has listed a novel exchange-traded product (ETP) on the London Stock Exchange (LSE) that combines Bitcoin and gold, marking the first such product available to UK retail investors. Trading under the ticker BOLD, the ETP employs a rules-based strategy that rebalances monthly, weighting allocation based on the inverse historical volatility of the two assets to favor stability. As of January 12, BOLD held $40.1 million in assets under management and charges a 0.65% annual management fee. CEO Russell Barlow stated the product aims to offer an inflation hedge, Bitcoin exposure, and gold's stability. This launch is facilitated by the Financial Conduct Authority's (FCA) October 2025 decision to lift a four-year retail ban on crypto exchange-traded notes, which has significantly boosted the UK market, positioning it as Europe's third-largest for crypto ETPs by volume.
(Source：The Block)