21Shares Launches Bitcoin & Gold ETP on LSE

21Shares has launched a new Bitcoin and Gold ETP, trading under the ticker BOLD, on the London Stock Exchange. Developed in partnership with ByteTree Asset Management, this product follows its initial release on the SIX Swiss Exchange.

The launch of BOLD aims to provide investors with a hedge against inflation while offering exposure to Bitcoin’s growth and gold’s stability. It represents one of the first crypto-related ETPs available to UK retail investors after gaining FCA approval. According to Russell Barlow, CEO of 21Shares, “BOLD is an exciting new product that aims to offer investors a potential hedge against inflation, exposure to Bitcoin’s growth potential, and the relative stability of gold. Now that retail investors in the UK have access to crypto ETPs, 21Shares is dedicated to delivering a wider selection of innovative regulated products.”

Bitcoin and gold are expected to be directly affected by BOLD’s introduction, with the ETP’s hybrid model attracting interest from both traditional and crypto markets. This product is 100% physically backed, maintaining investor trust and market integrity.

The financial implications include a 0.65% management fee annually, with BOLD being part of 21Shares’ strategy to increase crypto investment access. This aligns with the UK’s regulatory shift towards accommodating crypto-based financial products.

BOLD’s hybrid model could potentially influence the market toward further cryptocurrency integration in traditional financial sectors, paving the way for new crypto-asset combinations. It marks a significant step in bridging digital and traditional asset environments.

Historical trends show BOLD’s predecessor on the SIX Swiss Exchange recorded a 122.5% return by 2025, indicating strong potential for similar results in the UK market. The FCA’s approval signals regulatory support, enhancing investor confidence in innovative ETP offerings.