Asset Manager Bitwise has unveiled a product of an exchange product (FTE) Bitcoin (BTC) and Gold.
The Bitwise Dimanche Bitcoin & Gold ETP (BTCG), which began to negotiate on Euronext Paris and Amsterdam on Thursday, reproduces the Sunday Bitcoin and Gold index.
The index dynamically achieves the value between BTC and gold, depending on the performance adjusted to the risk of bitcoin, thus taking advantage of cyclic trends between risk and risk behaviors on the financial markets.
Although bitcoin is often described as a form of digital gold, it often follows assets at risk such as technological stocks rather than yellow metal.
For example, Gold went up to record heights in February in the middle of the concerns about the pricing plans of US President Trump. BTC, on the other hand, fell by almost 17%.
