According to PANews, a proposed ETF has submitted its prospectus on Thursday, aiming to allow traders and investors to invest in Bitcoin and gold simultaneously without purchasing any asset. The STKD Bitcoin&Gold ETF, launched jointly by Tidal Investments and Quantify Chaos Advisors, aims to provide exposure to both Bitcoin and gold through Bitcoin futures and ETFs as well as gold futures and ETFs.
The prospectus states that by blending assets with low correlation, the fund aims to reduce the impact of short-term market fluctuations on overall investment outcomes, potentially providing more stable investment returns. The ETF will use leverage and will not directly invest in Bitcoin or other digital assets, nor will it directly invest in gold or gold bars.
The document specifies the effective date of the ETF as September 9, 2024, but does not include a stock code or any related fees.
