New ETF Proposal Aims to Provide Leveraged Exposure to Bitcoin and Gold Without Direct Asset Purchase

Are you looking to invest in both Bitcoin and gold but don’t want to deal with the hassle of direct asset purchases? Well, a new proposed exchange-traded fund (ETF) might just be the solution you’ve been waiting for.

Tidal Investments and Quantify Chaos Advisors have filed the prospectus for the STKD Bitcoin & Gold ETF, which aims to offer investors leveraged exposure to both Bitcoin and gold. This ETF will provide dual exposure to the two assets through Bitcoin futures and ETFs, as well as gold futures and ETFs.

The investment strategy behind this ETF is based on the potential synergistic benefits of investing in both Bitcoin and gold, despite their historical non-correlation. By combining these two assets, the fund aims to mitigate the effects of short-term market volatility and offer a more stable investment path.

Gold and Bitcoin are two of the largest financial assets in the world, with gold valued at $15.68 trillion and Bitcoin at $1.215 trillion. While gold is often seen as an inflationary hedge due to its inverse correlation with the U.S. Dollar, Bitcoin is gaining traction as a digital store of wealth.

The STKD Bitcoin & Gold ETF will not directly invest in Bitcoin and gold or track their spot prices. Instead, it will provide investors with leveraged exposure to both assets through futures and ETFs.

At the time of writing, Bitcoin was trading at $61,558.04, up 1% in the last 24 hours, while spot gold was trading at $2,322, down 0.23% in the last 24 hours.

This new ETF could be a game-changer for investors looking to diversify their portfolios with exposure to both Bitcoin and gold without the need for direct asset purchases. Keep an eye on this innovative investment opportunity as it develops in the market.