Author: William

Asset manager Bitwise has announced a new exchange-traded product (ETP) that tracks both bitcoin (BTC) and gold. The Bitwise Diaman Bitcoin & Gold ETP (BTCG) began trading on Euronext Paris and Amsterdam on Thursday. This ETP mirrors the Diaman Bitcoin and Gold Index, which dynamically adjusts the allocation between BTC and gold based on their risk-adjusted performance. This approach helps take advantage of market cycles, where investors switch between riskier assets like bitcoin and safer options like gold. While bitcoin is often referred to as digital gold, it typically moves in tandem with riskier assets like tech stocks rather than…