Quick Breakdown
- BOLD combines bitcoin growth and gold stability, rebalanced monthly for equal risk exposure.
- First U.K.-listed ETP with both assets, trading intraday with a 0.65% expense ratio.
- Launch follows U.K. crypto ETP regulation lift, reflecting rising demand for regulated digital assets.
The London Stock Exchange welcomed trading of 21Shares’ Bitcoin and Gold exchange-traded product (ETP), BOLD, on January 13, 2026. The product offers investors a risk-weighted portfolio combining bitcoin and gold, designed to deliver bitcoin-like returns with lower volatility. BOLD is the first U.K.-listed ETP to include both assets within a single vehicle.
Disclaimer: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more: https://t.co/d9gFbwImMu
🇬🇧 Introducing the 21shares Bitcoin Gold ETP… pic.twitter.com/neRbphESOr
— 21shares (@21shares) January 13, 2026
Blending bitcoin growth with gold stability
BOLD provides exposure to bitcoin’s growth potential while leveraging gold as a store of value, targeting investors seeking diversified, lower-volatility alternatives to holding bitcoin alone. The ETP’s allocations are rebalanced monthly, maintaining equal risk exposure between the two assets rather than equal capital weights. This approach smooths performance by trimming the stronger asset and adding to the weaker one, aiming to enhance returns while limiting volatility.
Originally launched in Switzerland in April 2022, BOLD has since been listed on multiple European exchanges. In sterling terms, the product returned 122.5% through the end of 2025, outperforming both bitcoin and gold over the same period. Institutional-grade custodians hold the underlying bitcoin and gold, ensuring secure storage. The ETP trades intraday and carries a total expense ratio of 0.65%.
U.K. crypto market expands post-regulation
The BOLD launch follows the lifting of U.K. restrictions on crypto exchange-traded products in October 2025. Trading volumes surged in the first month after the ban ended, with ETPs recording $280 million in activity, second only to Xetra and SIX Swiss Exchange. The timing underscores rising investor demand for regulated digital asset investments and signals growing acceptance of crypto alongside traditional assets in the U.K. market.
BOLD’s dual-asset structure reflects a broader trend in the European crypto space, offering regulated products that combine digital and traditional assets for investors seeking exposure to on-chain innovation while managing risk.
Notably, 21Shares introduced SUI2, the inaugural leveraged exchange-traded fund (ETF) tied to the SUI token, directly on the Nasdaq exchange. This product delivers 2x the daily performance of SUI.
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