Bitwise has introduced a new actively managed exchange-traded fund aimed at navigating currency risk through a mix of digital and physical assets.
- Bitwise launched a new actively managed ETF focused on currency protection.
- The fund combines Bitcoin with gold and other hard assets.
- It adjusts exposure dynamically as market conditions change.
Bitwise has launched an actively managed ETF that combines Bitcoin and gold as a hedge against currency debasement.
The product was announced by Bitwise Asset Management on Jan. 22, in partnership with Proficio Capital Partners.
How the ETF is structured
The fund, known as the Bitwise Proficio Currency Debasement ETF, is listed under the ticker BPRO on the New York Stock Exchange. As fiat currencies weaken, it employs an active strategy that modifies exposure to assets expected to maintain value.
BPRO blends Bitcoin with gold, silver, other precious metals, and related mining equities. While exposure to Bitcoin and other assets is modified as market conditions change, the portfolio must always maintain a minimum 25% allocation to gold. The ETF is designed to rotate between digital and physical stores of value rather than maintain fixed weights, unlike static allocation funds.
Bitwise said the strategy reflects a shift away from traditional stock-and-bond portfolios, which have struggled to preserve purchasing power during periods of high debt and monetary expansion. Bitcoin is positioned as a form of digital scarcity that complements gold’s long-standing role as a hedge against inflation.
Early trading and investor response
The ETF saw steady early activity on its first trading day, recording about $13.2 million in volume and reaching roughly $52.4 million in assets under management by the close of trading on January 22. The numbers indicate early interest in an actively managed strategy linked to hard assets, even though they are small in comparison to large spot Bitcoin ETFs.
The fund is targeted at investors looking for capital appreciation and has a total expense ratio of 0.96%. Bitwise said portfolio decisions will be guided by its digital asset expertise alongside Proficio Capital Partners’ experience managing precious metals strategies for high-net-worth clients and foundations.
The ETF launch follows Bitwise’s broader expansion across regulated markets. Earlier in January, the firm listed seven physically backed crypto exchange-traded products on Nasdaq Stockholm, marking its entry into Sweden’s digital asset investment market. Those products include Bitcoin and Ethereum ETPs, staking-focused offerings, a Solana staking product, and a Bitcoin-gold blended ETP.
Bitwise has continued to push into both U.S. and European markets, positioning itself as a bridge between traditional portfolio strategies and digital assets as demand grows for regulated crypto exposure.
