Bitwise Asset Management has launched a new exchange-traded fund (ETF) aimed at providing a hedge against currency devaluation. The Bitwise Proficio Currency Debasement ETF, which trades under the ticker BPRO, combines Bitcoin with precious metals like gold. This fund aims to help investors protect their portfolios from the impact of declining purchasing power in government-issued currencies.
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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 BPRO ETF officially began trading on January 22, 2026, on NYSE Arca. It is designed to invest in assets that could benefit from the weakening value of traditional currencies. According to the fund’s structure, at least 25% of its assets will be held in gold at all times. The fund charges an annual fee of 0.96%, offering a competitive edge over similar products on the market.
The new ETF was developed by Bitwise in partnership with Proficio Capital Partners, an investment firm specializing in precious metals strategies. Proficio Capital, based in Boston, has around $5 billion in assets under management. Their involvement brings expertise in managing precious metal investments, with a focus on gold.
Bob Haber, the co-founder of Proficio Capital, has a strong background in investment management, having served as Chief Investment Officer at Fidelity Investments Canada for over a decade.
In describing the fund, Bitwise’s Chief Investment Officer, Matt Hougan, emphasized the combination of traditional precious metals and Bitcoin. He explained that Bitcoin’s scarcity, along with the historical value of gold, creates a strategy for investors who want to hedge against inflation and currency devaluation. “As governments print more money, the traditional stock and bond mix is struggling,” said Hougan, referencing the fund’s appeal to those seeking alternatives to conventional investment strategies.
BPRO enters a competitive market with other funds targeting similar themes. One of the notable competitors is Quantify Funds’ BTGD, which launched in October 2024. This fund, like BPRO, seeks to provide protection from currency debasement by combining Bitcoin and gold. However, the BPRO ETF stands out by including additional precious metals and mining stocks, offering a more diversified approach.
Furthermore, BPRO’s expense ratio of 0.96% is lower than BTGD’s 1.05%, which could make it more attractive to cost-conscious investors. Another player in the space is 21Shares, which launched its BOLD product in 2022, offering exposure to Bitcoin and gold. Despite the competition, BPRO’s flexibility in adjusting holdings based on market conditions may give it a strategic advantage over products with fixed asset combinations.
The launch of BPRO comes at a time when there is growing interest in physical assets, such as gold, as a hedge against the devaluation of traditional currencies. Recently, gold prices have hit record highs, surpassing $4,900 per ounce, as investors become increasingly concerned about the potential for inflation and currency instability. This has led to a rise in demand for assets that are seen as a store of value, with many investors turning to both gold and Bitcoin.
A survey conducted by Bitwise and VettaFi in January 2026 found that 22% of financial advisors are focused on currency devaluation as a key concern for the year. This trend is likely to drive further interest in BPRO as an investment option for those looking to protect their wealth.
As more investors look for ways to hedge against the effects of currency devaluation, Bitwise’s BPRO ETF offers a new, diversified tool for achieving this goal. By combining Bitcoin, gold, and other precious metals, the ETF provides a modern solution to an age-old concern.
The post Bitwise Launches Bitcoin And Gold ETF To Hedge Against Currency Devaluation appeared first on CoinCentral.
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