Bitwise Investment has introduced a new exchange-traded fund (ETF) that combines Bitcoin and precious metals to protect investors against potential declines in the value of fiat currencies, particularly the US dollar. The ETF is themed around “Debasement,” referring to currency devaluation, a growing concern for investors amid rising inflation and global monetary policies. Bitwise, bridging cryptocurrency and traditional investments, offers this fund to unite these assets on a single platform. Bitcoin, often called “digital gold,” is viewed as a hedge against inflation, while gold has long served as a safeguard for investors. This ETF enables investors to shield their portfolios from the possible depreciation of the US dollar. The popularity of such funds is increasing as central banks’ monetary policies and worldwide inflation drive investors toward alternative assets. Bitwise’s new ETF provides an opportunity for those seeking exposure to both Bitcoin’s rapid growth and gold’s historical stability. However, investors should remain aware of the volatility inherent in cryptocurrency prices and potential fluctuations in precious metal values, as global financial uncertainty and economic policies continue to influence asset prices.
Source: decrypt
