A proposed Bitcoin and gold combination ETF will help diversify investments

2024-06-27 21:24:07

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Golden Finance reported that a proposed Exchange-Traded Fund (ETF) submitted a prospectus on Thursday, aiming to allow traders and investors to invest in Bitcoin and gold without purchasing any assets. The STKD STKD Bitcoin&Gold ETF, jointly launched by Tidal Investments and Quantify Chaos Advisors, aims to provide investment opportunities in both Bitcoin and gold price performance through Bitcoin futures and ETFs, as well as gold futures and ETFs. According to the prospectus, the strategy is based on the concept of combining investment strategies for Bitcoin and gold, which may bring complementary benefits. It aims to reduce the impact of short-term market fluctuations on overall investment results, thereby potentially providing a more stable investment trajectory. The document specifies the effective date of the stacked ETF as September 9, 2024, but does not include the stock code or any related fees.

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