STKD launches Bitcoin and gold exchange traded fund
STKD has launched a Bitcoin and Gold exchange-traded fund (BTGD), which combines digital currency (Bitcoin) and physical currency (gold) into one vehicle.
Congratulations to Quantify Funds (Quantify Funds) on the launch of their new ETF, STKD Bitcoin & Gold ETF ($BTGD).
— Tidal Financial Group (@tidalfg) October 16, 2024
Learn more about BTGD at https://t.co/jqLArKR4GD
---
Tidal now has 171 funds, with $20 Billion+ AUM as of 10/01/2024. To see how we’re making waves in the ETF… pic.twitter.com/8ghJIOxoMR
STKD Bitcoin and Gold ETF
The STKD Bitcoin and Gold ETF (BTGD) launched today will give investors the chance to invest in two scarce assets that could guard against future inflation and currency devaluation, according to a statement by fund issuer Stacked.
BTGD stands out because it aims to give 100% exposure to its Bitcoin strategy and 100% exposure to its gold strategy for every $1 invested. By investing in Bitcoin futures and ETPs, the bitcoin strategy aims to profit from price returns, and the gold strategy does the same by investing in gold futures and ETPs.
David Dziekanski, CEO & CIO at Quantify Funds and one of the ETF's portfolio managers, said his company is thrilled to be collaborating with returnstackedetfs.com, Adam Butler, Corey Hoffstein, Rodrigo Gordillo, and Mike Philbrick, along with their teams, to introduce this strategy to the market in an ETF wrapper for the first time.
The first exchange-traded fund (ETF) to combine Bitcoin and gold in a "stacked" fashion, BTGD is actively managed and achieves more than $1 of exposure for every $1 invested. It was created by Quantify Funds, an asset management company dedicated to introducing institutional-quality investment strategies to the general public.
What is STKD?
Stacked, or STKD for short, is a licensed brand that collaborates with returnstackedetfs.com, which is co-owned by Newfound Research & Resolve Asset Management SEZC. It specializes in providing access to two assets at the same time that are stacked on top of one another and share an investable theme that shows benefits of positive diversification.
STKD is a new twist on portable alpha, which is the approach of stacking two investments on top of one another. This method provides the possibility of excess returns and helps investors better identify sources of portfolio diversification.
Bitcoin and physical gold combined by Wall Street in new ETF filings
Through exchange-traded funds (ETFs), traditional financial institutions are coming up with new ways to give investors access to digital assets. Bloomberg Intelligence ETF Analyst Henry Jim wrote a report on June 27 about three ETF products that would give investors access to MicroStrategy, Ethereum, Gold, and Bitcoin.
A new exchange-traded fund (ETF) that provides indirect exposure to gold and Bitcoin has been filed with a prospectus jointly by Tidal Investments and Quantify Chaos Advisors.
Despite the fact that there is no correlation between gold and Bitcoin, the ETF seeks to combine their strategies to provide complementary advantages. It aims to offer stale investment opportunities while reducing short-term market fluctuations.
Disclaimer
This information should not be considered financial advice by any means. Please do your own research before making any investment decisions. The views in the articles are personal opinions only. Whale Insider is not responsible for any financial losses incurred.