Bitwise launches new ETF targeting Bitcoin, gold, and mining equities

Bitwise Asset Management, in collaboration with Proficio Capital Partners, has introduced the Bitwise Proficio Currency Debasement ETF (BPRO). This new exchange-traded fund is designed to help investors hedge against the declining purchasing power of fiat currencies by investing in assets resistant to debasement, such as Bitcoin, gold, silver, precious metals, and mining equities. Bitwise stated that the fund seeks to shield portfolios from reckless spending and money printing by governments. The ETF targets a minimum 25% allocation to gold, with exposures adjusted based on market conditions. Trading on the NYSE, BPRO charges an annual management fee of 0.96%.

(Source：Crypto Briefing)