21Shares Launches Innovative Bitcoin and Gold ETP: BOLD
On January 13, 2026, 21Shares, a leader in the cryptocurrency investment space, announced the launch of its latest product, the 21Shares Bitcoin Gold ETP (BOLD), on the London Stock Exchange (LSE). This unique exchange-traded product allows investors to gain exposure to both Bitcoin and gold, two significant store-of-value assets, making it a compelling option for those navigating the current economic landscape.
Key Details of the 21Shares BOLD ETP
- Exchange: London Stock Exchange (LSE)
- Currency: GBP
- Management Fee: 0.65% per annum
- ISIN: CH1146882308
Enhanced Portfolio Diversification
BOLD, developed in partnership with ByteTree Asset Management, employs a disciplined, rules-based approach to combine Bitcoin and gold. The allocation between these assets is updated monthly and determined by their inverse historical volatility, identifying a higher share for the more stable asset. This strategy aims to provide significant diversification benefits and act as a potential hedge against inflation.
Investors can expect to partake in the evolving digital economy while mitigating risks associated with volatility in the cryptocurrency market. The product boasts a 3-year Sharpe ratio of 1.79 and an AUM of $40.1 million as of January 12, 2026.
Security and Backing of BOLD
The BOLD ETP is fully backed by its underlying assets, which are securely held in cold storage by an institutional-grade custodian. This ensures a higher level of security as compared to various custody options available to individual investors, reinforcing the transparency and reliability of this new financial product.
Comments from Leadership
Russell Barlow, CEO of 21Shares, expressed enthusiasm about the potential of BOLD, stating, “BOLD is an exciting new product that aims to offer investors a potential hedge against inflation, exposure to Bitcoin’s growth potential, and the relative stability of gold. Now that retail investors in the UK have access to crypto ETPs, 21Shares is dedicated to delivering a wider selection of innovative regulated products.”
Charles Morris, Founder and CIO of ByteTree Asset Management, added, “Bitcoin and gold are increasingly viewed as complementary assets in a world of persistent inflation and monetary uncertainty. BOLD applies a disciplined, rules-based approach to combining them, aiming to provide a transparent solution for investors seeking diversified exposure to these assets.”
Understanding the Risks
Investments in crypto ETPs carry inherent risks. The Financial Conduct Authority (FCA) classifies this type of investment as high risk, advising potential investors to consider the following:
- Investment Loss: You could lose all the money you invest. The value of cryptoassets can be highly volatile.
- Lack of Protection: The Financial Services Compensation Scheme (FSCS) does not protect this type of investment.
- Complexity: Cryptoasset investments can be difficult to understand, necessitating thorough research.
- Diversification: Avoid concentrating your investments in a single category; consider spreading across multiple assets to minimize risk.
About 21Shares
Founded in 2018, 21Shares is a premier provider of physically backed crypto ETPs, dedicated to offering innovative and cost-effective investment solutions to the market. For more information, visit www.21Shares.com.