TLDR
- Bitwise launched the Proficio Currency Debasement ETF (BPRO) on NYSE Arca on January 22, trading at 0.96% annual fee
- The actively managed fund combines Bitcoin with gold, precious metals, and mining stocks to hedge against currency debasement
- BPRO maintains a minimum 25% allocation in gold at all times and allows flexible rebalancing based on market conditions
- Bitwise partnered with Proficio Capital Partners, which manages approximately $5 billion in client assets as of December 2025
- The fund competes with similar products like BTGD (1.05% fee) and 21Shares’ BOLD but includes more asset types
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.
LATEST: ⚡ 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.
How BPRO Differs From Competitors
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.
Growing Advisor Interest
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.