BOLD: How the Bitcoin and Gold ETF Works with Adrian Fritz, 21Shares

Описание: The 21Shares Bitcoin and Gold ETP was launched on the London Stock Exchange this week, 14 January 2026. In this webinar, Charlie Morris, ByteTree Founder and Creator of BOLD, is joined by Adrian Fritz, the Chief Investment Strategist for 21Shares.

They discuss the inner workings of BOLD: where the assets are priced, traded, and stored, which parties are involved, and how the construction and rebalancing work in practice. This webinar will provide you with a comprehensive understanding of ETPs/ETNs/ETFs and what makes BOLD so unique. The webinar concludes with audience questions. Please use the timecodes provided to jump between sections.

To learn more about BOLD, please visit our website, https://BOLDETF.com

DISCLAIMER: This entire presentation is for informational purposes only and in no way constitutes investment advice.

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🕒 TIMECODES 🕒
00:00 Introduction
02:29 Bitcoin's and Gold's positionings in the markets
04:27 Bitcoin and Gold weightings in BOLD
07:40 Why BOLD? BOLD vs Bitcoin and Gold performance
12:57 BOLD: 21Shares and ByteTree partnership
14:47 How does BOLD work?
19:56 What happens when a BOLD investment is made?
24:44 The BOLD rebalancing strategy
28:29 Q&A
28:55 What costs are involved in the monthly BOLD rebalancing?
30:39 What are the counterparty risks?
31:30 Is there a currency hedge?
33:06 BOLD has been listed in Europe; why is the listing in London so significant?
34:48 Where can BOLD be bought in the UK?
36:27 Can BOLD be included in a SIPP or an ISA?
37:07 BOLD AUM, could the size be an issue?
39:08 Will Bitcoin's scarcity impact BOLD?
43:14 How would a contracting world money supply impact BOLD?
44:28 If Bitcoin and Gold went down, is the play to increase cash?
45:18 How has Bitcoin's volatility impacted BOLD?
46:35 What is the BOLD management fee?
46:59 Does the Gold custodian store it in allocated or unallocated custody?
47:19 Where is Bitcoin bought and sold?
47:38 Will BOLD ever pay a dividend?
47:54 Will the ETF trade close to the NAV?
49:19 Concluding remarks

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