Bitwise and Proficio Capital Partners ETF targets gold, metals, bitcoin as alternative to currencies
Market Intelligence Analysis
AI-PoweredBitwise and Proficio Capital Partners are launching an ETF that invests in gold, metals, and bitcoin as alternatives to traditional currencies, driven by geopolitical tensions and rising government debt loads.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
As geopolitical tensions soar and government debt loads rise in many nations, digital assets investment firm Bitwise and Proficio Capital Partners, a division of a Florida-based multi-family office, are rolling out an exchange-traded fund designed to invest in alternatives to the dollar and other currencies, ranging from gold to bitcoin. "I believe you have to view these as representing their own asset class," one that is distinct from stocks or bonds denominated in dollars or other government-issued currencies, said Bob Haber, chief investment officer and a founder of Proficio. "And when you're not really being compensated for the risk of owning government bonds or assets denominated in dollars, euro or whatever, it makes sense to look for alternatives."
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