Bitwise Asset Management has launched a new exchange-traded fund (ETF) designed to hedge against currency debasement, underscoring how digital assets are increasingly being incorporated into broader macro investment strategies following the success of spot Bitcoin ETFs.
On Thursday, Bitwise unveiled the Bitwise Proficio Currency Debasement ETF, which trades on the NYSE under the ticker BPRO. The actively managed fund seeks to address the declining purchasing power of fiat currencies through a portfolio that includes Bitcoin, precious metals and mining equities.
Unlike spot Bitcoin ETFs, BPRO allows for discretionary allocation across crypto and commodity-linked assets. The structure appears aimed at wealth managers seeking Bitcoin exposure without committing to a single-asset crypto product, particularly amid persistent inflation concerns.
The fund maintains a minimum allocation of 25% in gold at all times and carries an expense ratio of 0.96%.
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