Bitvis debuting Bitcoin and Gold ETP in Europe

Asset Manager Bitwise has revealed an Exchange-Traded Product (ETP) Tracking of Bitcoin (BTC) and Gold.

The BitWise Diyman Bitcoin & Gold ETP (BTCG), which started trading in Euronext Paris and Amsterdam on Thursday, repeats Diyman Bitcoin and the Gold Index.

The index redistributes dynamic value between BTC and gold, depending on the risk-adjusted benefit of Bitcoin, and thus benefits from cyclic tendencies between risk-on and risk-off behavior in the financial markets.

While Bitcoin is often described as a form of digital gold, it often traces risk assets such as tech stores rather than the yellow metal.

For example, gold rose to detect heights in February in the midst of concern about US President Trump’s customs plans. BTC fell on the other side almost 17%.

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