On January 13, 2026, the London Stock Exchange (LSE) welcomed the debut of the UK's first exchange-traded product (ETP) that combines Bitcoin and gold. The product, named the 21Shares Bitcoin Gold ETP (ticker: BOLD), was launched by the crypto asset manager 21Shares.
The ETP employs a unique volatility-based monthly rebalancing strategy. This mechanism adjusts the fund's exposure between Bitcoin and gold each month, aiming to capture Bitcoin's high-growth potential while mitigating risk through gold's traditional stability. The underlying assets for the BOLD ETP are reported to be 100% physically backed, with Bitcoin held in secure cold storage.
This launch follows the UK's recent regulatory move to open retail investor access to crypto ETPs. The product is designed to appeal to investors seeking a regulated vehicle to gain exposure to digital assets combined with a safe-haven asset. Despite this structured approach, the accompanying documentation notes that investment risks remain high due to the inherent volatility of cryptocurrency markets.
