Digital asset management company 21Shares has announced the listing of its new exchange-traded product (ETP), which combines Bitcoin and gold in a single product, on the London Stock Exchange (LSE). Developed in collaboration with ByteTree Asset Management, the product is the first ETP in the UK to offer a crypto asset and a traditional commodity in the same structure and is available to retail investors.
ETP, traded under the ticker symbol BOLD, follows a rules-based strategy and rebalances its portfolio allocation monthly. According to 21Shares, the weighting between Bitcoin and gold is determined based on the inverse historical volatility of the assets.
This approach aims to direct the portfolio towards assets that exhibit more stable performance. Thus, investors can obtain both the growth potential of bitcoin and the relative stability of gold in the same product.
According to company data, BOLD’s assets under management amounted to $40.1 million as of January 12th. The product’s three-year Sharpe ratio is stated as 1.79, and it is noted that the ETP is physically backed and the underlying assets are held in cold wallets by an institutional custodian. The product, which has an annual management fee of 0.65%, is traded in British pounds.
21Shares CEO Russell Barlow stated that BOLD offers investors the opportunity to hedge against inflation, gain exposure to bitcoin’s growth potential, and benefit from the stabilizing effect of gold. Barlow emphasized that with the opening of access to crypto ETPs for retail investors in the UK, they aim to expand their range of regulated and innovative products.
The listing comes after the FCA lifted its four-year retail ban on crypto ETNs in October 2025. This regulatory change has made the UK one of the rapidly growing hubs in the crypto ETP market in Europe, leading to a remarkable increase in trading volumes on the LSE.
*This is not investment advice.