Bitwise Asset Management launched a new exchange-traded fund on Thursday that combines Bitcoin with precious metals. The Bitwise Proficio Currency Debasement ETF started trading on NYSE Arca under the ticker BPRO.
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Bitwise has launched an actively managed ETF combining Bitcoin with gold and mining stocks to hedge against currency debasement, trading under ticker BPRO on the NYSE. pic.twitter.com/WVdstLUERY
— CoinMarketCap (@CoinMarketCap) January 23, 2026
The fund charges a 0.96% annual management fee. It holds Bitcoin, gold, other precious metals, and mining company stocks.
BPRO keeps at least 25% of its portfolio in gold at all times. Fund managers can adjust the other holdings based on market conditions.
Bitwise manages over $15 billion in client assets. The company partnered with Proficio Capital Partners to run the precious metals portion of the strategy.
Proficio Capital Partners is based in Boston and manages about $5 billion in client assets. Co-founder Bob Haber previously worked as Chief Investment Officer at Fidelity Investments Canada for 12 years.
BPRO enters a market with existing currency debasement hedge products. Quantify Funds launched BTGD in October 2024, which also combines Bitcoin and gold.
BPRO’s expense ratio undercuts BTGD’s 1.05% annual fee. 21Shares has offered its BOLD product with Bitcoin and gold exposure since 2022.
The new fund differs by including additional precious metals and mining stocks. Competitors hold fixed Bitcoin-gold combinations without active rebalancing.
Matt Hougan, Bitwise’s Chief Investment Officer, said the fund combines gold’s historical scarcity with Bitcoin’s digital scarcity. He stated the traditional stock and bond mix is struggling as governments print more money.
A survey by Bitwise and VettaFi questioned 299 financial advisors about their concerns. The survey was released on January 13.
Twenty-two percent of advisors cited concerns about government-issued currency losing value as a key focus for 2026. Haber noted that gold ETFs account for only a fraction of 1% of private financial holdings, citing Goldman Sachs research.
The fund targets assets that may benefit from declining purchasing power of government currencies. This approach reflects how digital assets are being incorporated into broader investment strategies.
Bitwise recently launched other crypto products. The company filed a Chainlink ETF on January 14 and submitted applications for 11 additional crypto ETFs in late December 2025.
Gold recently reached record prices above $4,900 per ounce. The increase came amid debates about central bank independence and Bitcoin’s role as a safe-haven asset.
The post Bitwise Launches Bitcoin and Gold ETF to Fight Dollar Decline appeared first on CoinCentral.
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