Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
NEW
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
NEW
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
21Shares Launches Bitcoin–Gold BOLD ETP on London Stock Exchange
Source: Cryptonews Original Title: 21Shares brings Bitcoin–gold BOLD ETP to London Stock Exchange Original Link: Switzerland-based investment product provider 21Shares listed its Bitcoin and gold exchange-traded product (ETP), BOLD, on the London Stock Exchange, marking the first product on the venue to combine exposure to both Bitcoin and gold within a risk-managed structure.
Market Context
The listing follows the UK Financial Conduct Authority’s decision in October 2025 to lift restrictions on Bitcoin ETPs for professional investors, opening access for crypto-linked investment products in the UK market.
Product Features
BOLD combines Bitcoin and gold into a single, physically backed product designed to capture Bitcoin’s potential gains while reducing volatility through diversification with gold.
The product uses a monthly risk-weighted rebalancing approach based on 360-day inverse volatility rather than a static 50/50 allocation. The less volatile asset receives a higher weight, with the aim of maintaining equal risk exposure to both Bitcoin and gold rather than equal capital allocation.
The monthly rebalancing process trims the stronger-performing asset and increases exposure to the weaker one. According to data, this mechanism has generated an additional 5-7% in excess returns per annum on average.
Performance Metrics
The product has delivered a total return of 122.5% in GBP terms from its Swiss launch in April 2022 through the end of 2025, including fees. This compares with returns of 111.3% for Bitcoin and 113.0% for gold over the same period.
Since the Bitcoin market peak in late 2017, the BOLD Index has returned 450.3%, outperforming both Bitcoin and gold individually, as well as a static 50/50 allocation.
Custody and Specifications
BOLD is physically backed, with gold custody provided by JP Morgan and Bitcoin held with Anchorage Digital Bank N.A. and Copper Technologies (Switzerland) AG. The product carries a total expense ratio of 0.65% and trades intraday.
The product is already listed on exchanges in Zurich, Frankfurt, Paris, Amsterdam and Stockholm. The London listing expands availability for institutional and professional investors seeking exposure to digital assets and gold in a regulated vehicle.