New Bitcoin and Gold ETF Proposed by Tidal Investments Aims to Reduce Market Volatility
Tidal Investments has proposed an actively-managed exchange-traded fund (ETF) combining investments in bitcoin and gold.
Aiming to achieve long-term capital appreciation while mitigating short-term market volatility. Managed by Tidal Investments and Quantify Chaos Advisors, the STKD Bitcoin and Gold ETF seeks SEC approval to leverage the low correlation between bitcoin (BTC) and gold. For every dollar invested, the fund provides approximately equal exposure to both assets, using U.S.-listed futures contracts and pooled investment vehicles.
This strategy aims to balance performance and reduce the impact of market fluctuations, offering leveraged exposure to amplify potential returns and risks. The fund’s use of a Cayman Islands subsidiary for futures contracts and regulatory compliance underscores its innovative approach to managing tax implications for investors seeking diversified digital and traditional asset portfolios.
Clever Robot News Desk 2nd July 2024
