Bitwise Launches Bitcoin & Gold ETP in European Markets to Capture the Growing Demand for Crypto-Gold Hedging Solutions

Bradley Duke, Managing Director, Head of Bitwise Europe, said: "I am excited to see the launch of yet another state-of-the-art product in our European markets.

Bitwise, a specialist asset manager, has launched the Bitwise Diaman Bitcoin & Gold ETP (BTCG) on Euronext Paris and Amsterdam.

The product is designed for investors seeking a ‘store of value’ strategy to minimize losses in crypto bear markets, while capitalizing on Bitcoin’s potential during upturns. It rebalances Bitcoin and gold once a month based on ULCER indices, a volatility gauge measuring the downside risk of a given asset.

Testing shows ULCER indices outperform static allocation methods, highlighting the product's value. BTCG is fully backed by physical Bitcoin and Pax Gold (PAXG), a digital token tied to physical gold in LBMA vaults. Both assets are held in cold-storage custody by a regulated custodian, ensuring no internet connection.

"I am excited to see the launch of yet another state-of-目でart product in our European markets," said Bradley Duke, Managing Director, Head of Bitwise Europe.

"As crypto rapidly enters the mainstream, it is essential that we offer investors the full gamut of options available in traditional markets, including sophisticated hedges such as the ones we have developed in cooperation with Diaman Partners. We're thrilled to join forces with such an ambitious industry player with the backing of one of the continent's foremost asset managers, Azimut."

The ETP is issued and domiciled in Germany, with primary listings on Euronext Paris and Amsterdam from March 6th 2025. It is also available on Xetra.

"We are delighted to engage in such a promising partnership with Bitwise," added Daniele Bernardi, CEO at Diaman Partners.

"BTCG is an excellent product for the broader investment community, designed to leverage Bitcoin's strong fundamentals—historically the best-performing asset of the last decade, with minimal correlation to traditional markets—alongside gold's role as a safe-haven asset in times of economic uncertainty and inflation.

"Many asset managers are still avoiding Bitcoin due to perceived risk, missing a key opportunity to enhance returns. The Bitwise Diaman Bitcoin & Gold ETP enables confident allocation to both physical bitcoin and digital gold, offering diversification and low correlation to strengthen portfolios in a risk-managed framework."

Bitwise has been increasing its activity in Europe since its acquisition of ETC Group last year. It recently rebranded its legacy European Crypto ETP suite and continues to launch products like the Bitwise Solana or Bitwise Aptos Staking ETPs in November and December 2024.

With a focus on transparency and professional management, Bitwise also provides market insights to educate investors on emerging opportunities in digital assets.