Bitwise Launches Bitcoin and Gold ‘Debasement’ ETF

Mixing Bitcoin and Gold = Bold

Unlike traditional single-asset funds, BPRO is actively managed and allocates across a basket of assets designed to preserve purchasing power. The fund includes exposure to bitcoin, gold, silver, and mining equities, with a minimum 25 per cent allocation to gold. It carries a total expense ratio of 0.96 per cent.

Bitwise describes the fund’s objective as offering “a strategic hedge against the declining value of the dollar and other major fiat currencies.” The ETF is managed in partnership with Proficio Capital Partners, whose CIO Bob Haber has emphasised the importance of increasing gold and bitcoin exposure in institutional portfolios.

“Gold remains significantly underrepresented in most portfolios,” Haber noted, pointing to data suggesting that precious metals represent less than one per cent of privately held financial assets. With global debt levels rising and monetary debasement becoming a central macroeconomic concern, both gold and bitcoin are attracting renewed attention as hedges.

The ETF’s launch comes at a time of increasing institutional interest in bitcoin, following the approval of multiple spot bitcoin ETFs earlier this month. However, BPRO is distinct in its multi-asset approach, reflecting a growing view that combining traditional and digital stores of value may provide better resilience against long-term monetary instability.

Bitwise CIO Matt Hougan framed the product as “for investors who see the writing on the wall with fiat currencies and want a thoughtful strategy to protect wealth over decades.” The fund’s construction speaks directly to those seeking long-term capital preservation rather than short-term speculation.

For bitcoin, this product reinforces its role not only as a high-growth asset but as a credible part of a diversified, sound money portfolio.