TLDR
- Bitwise has partnered with Proficio Capital Partners to launch the BPRO ETF.
- The ETF provides exposure to Bitcoin, gold, silver, precious metals, and mining equities.
- BPRO aims to help investors hedge against the declining purchasing power of fiat currencies.
- The ETF targets a minimum 25% allocation to gold while adjusting based on market conditions.
- BPRO charges an annual management fee of 0.96% and is now trading on the NYSE.
Bitwise Asset Management, in collaboration with Proficio Capital Partners, has launched a new exchange-traded fund (ETF) designed to offer exposure to Bitcoin, gold, silver, precious metals, and mining equities. Named the Bitwise Proficio Currency Debasement ETF (BPRO), the fund seeks to help investors hedge against the declining purchasing power of fiat currencies. The ETF is now trading on the NYSE and charges an annual management fee of 0.96%.
Bitwise Launches BPRO ETF to Hedge Against Currency Debasement
Bitwise, known for its expertise in cryptocurrency investments, has partnered with Proficio Capital Partners to launch BPRO, an ETF aimed at providing a diversified hedge. The fund targets a minimum allocation of 25% to gold, with the rest allocated across Bitcoin, silver, precious metals, and mining equities. This strategic mix aims to protect portfolios from inflation, currency debasement, and economic uncertainty.
“We designed BPRO to offer a way for investors to safeguard their assets against the risks associated with reckless government spending and inflation,” said Bitwise in a statement. T
he fund’s focus on assets resistant to currency debasement makes it an attractive option for investors seeking stability in volatile economic conditions.
The ETF is structured to adjust its exposures based on market conditions, providing flexibility for investors looking to manage risk. The team at Proficio, led by Chief Investment Officer Bob Haber, believes BPRO represents the next step in wealth preservation.
“Currency debasement isn’t just a risk; it’s an ongoing tax on every dollar an investor saves,” said Haber, underlining the importance of protecting wealth from the effects of monetary policy.
Proficio Capital Partners Backs the New ETF with Extensive Experience
Proficio Capital Partners brings decades of experience in precious metals investing to the BPRO ETF, complementing Bitwise’s expertise in cryptocurrency markets. Proficio’s involvement provides added credibility to the fund, particularly for investors with an interest in traditional asset classes like gold and silver. The firm has long emphasized the importance of diversifying investments into hard assets, which tend to hold value in times of economic downturns.`
The BPRO ETF’s focus on mining equities adds another layer of exposure to the precious metals market. This approach allows investors to benefit not only from the prices of gold and silver but also from the potential upside of companies that mine these metals. By targeting both physical assets and mining companies, the ETF aims to capture multiple opportunities within the precious metals sector.
The launch of the BPRO ETF reflects Bitwise’s commitment to helping investors adapt to the evolving financial landscape. As governments around the world continue to print money, the need for assets that can withstand inflation has become more urgent. The ETF’s allocation strategy includes a minimum of 25% to gold, reflecting the asset’s historical role as a hedge against inflation.
“BPRO represents the evolution of our wealth preservation mission,” said Bob Haber.
The ETF is part of a broader push to provide institutional and retail investors with innovative tools to protect their wealth in the face of rising deficits and money printing.
