The new ETP from ByteTree Asset Management and 21Shares is based on the principle that in inflationary times such as these, “BOLD is the 60/40.” That’s because it balances a risk-on asset (bitcoin) with a risk-off asset (gold). The 21Shares ByteTree Bold Index ETP (BOLD) is the first exchange traded product (ETP) to combine gold and bitcoin in a single fund.