A groundbreaking investment vehicle has made its debut on London’s financial stage, effectively merging cryptocurrencies with time-tested safe havens. Launched by 21Shares, this novel Bitcoin and Gold ETF offers a unique investment option by balancing Bitcoin’s dynamic potential with the stability of gold. As the first of its kind in the UK to integrate Bitcoin and gold into one exchange-traded product, this development marks a key moment in investment innovation. It highlights the heightened institutional interest following the recent relaxation of regulations on crypto-focused exchange products.
How Does the London Exchange Welcome Bitcoin and Gold Together?
Listed as BOLD, this ETF offers investors a chance to engage in intra-day transactions on the London Stock Exchange. By blending two globally liquid assets into a single, risk-weighted portfolio, it caters to investors aiming to expand beyond conventional equity and fixed-income assets. This investment proposition relies on Bitcoin’s growth prospects and gold’s historical reliability as a value store.
Following regulatory changes in the UK in October that relaxed restrictions on crypto-linked products, there has been an uptick in interest for these investment opportunities. Data indicates a trading volume of $280 million within a month of these changes, elevating the UK market to a competitive position in Europe for regulated crypto investment offerings, just behind Xetra and SIX Swiss Exchange.
Is Risk-Weighing a Game-Changer for Investment Strategies?
BOLD’s innovative feature is its focus on risk equality when allocating assets in the portfolio rather than simply capital equality. Held by corporate-level custodians, the portfolio is adjusted monthly, aiming to stabilize returns by leveraging stronger-performing assets while supporting the weaker ones.
First made available to Swiss investors in April 2022, the product quickly gained traction across major European exchanges. By the end of 2025, it had yielded a 122.5% return in sterling, surpassing both individual returns of Bitcoin and gold during the same timeframe. This performance illustrates the potential effectiveness of a risk-balanced strategy in navigating market volatility.
With a total expense ratio of 0.65%, it captures the interest of both short-term traders and those looking for long-term diversification. It provides a unique avenue for investors seeking consistent returns without direct involvement in Bitcoin.
The ETF’s entry into the London market represents more than a new product launch; it suggests a shift in how traditional investments might integrate digital currencies. This could have the following implications:
- Potential diversification for portfolios traditionally focused on stocks and bonds.
- Enhanced access to regulated crypto investments in the UK.
- A fresh approach to balancing cryptocurrency volatility with traditional asset stability.
“This is a momentous step for the UK market, bringing institutional-grade crypto-linked products to our exchanges,” said a spokesperson from 21Shares.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.














English (US)