đGood news! Tidal Investments and Quantify Chaos Advisors have teamed up to launch a new exchange-traded fund, STKD Bitcoin&Gold ETF! đThis is not just a Bitcoin ETF, but also a gold ETF, providing investors with investment opportunities in both Bitcoin and gold price performance. đ
The idea behind this strategy is that investing in a combination of Bitcoin and gold may bring complementary benefits, reduce the impact of short-term market fluctuations on overall investment results, and thus may provide a more stable investment trajectory. đ
Although the effective date of this ETF is set for September 9, 2024, the specific stock code and related fees have not yet been announced. đ
For us Bitcoin optimists, this is undoubtedly good news, as it means that there is one more investment channel for Bitcoin. đ°At the same time, this is also a major step forward for the blockchain industry, marking that the combination of Bitcoin and gold, two "safe haven" assets, may bring more stability and returns to investors. đŻ
Let us look forward to the listing of this new ETF and see how it will affect the market performance of Bitcoin and gold! đź