PANews released the news on June 28, according to The Block, a new ETF (Exchange Traded Fund) submitted its prospectus on Thursday. The ETF aims to enable traders and investors to invest in both Bitcoin and gold without having to buy any single asset. The product, called STKD Bitcoin&Gold ETF, was jointly launched by Tidal Investments and Quantify Chaos Advisors. Its investment strategy is to provide investment exposure to Bitcoin and gold through Bitcoin futures and ETFs as well as gold futures and ETFs.
According to the prospectus, the fund aims to reduce the negative impact of short-term market fluctuations on overall investment results and may provide more stable investment returns by mixing low-correlated asset classes. It is worth noting that the ETF will adopt a leveraged strategy, but will not directly invest in Bitcoin or other digital assets, nor will it directly invest in gold or gold bars.
The document specifies that the ETF will take effect on September 9, 2024, but has not yet released a specific ticker symbol or related fee information.
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