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21Shares launched its Bitcoin and Gold ETP (tickers BOLD/BOLU) on the London Stock Exchange on January 13. The ETP holds about 65.85% gold and 34.15% Bitcoin, which is rebalanced monthly to manage volatility. Backed by physical assets and managed by ByteTree, it has around $40 million in AUM and charges a 0.65% annual fee. The asset split favors gold, with around two-thirds held in gold and one-third in Bitcoin. The ETP is built in collaboration with ByteTree Asset Management. It rebalances each month using an inverse volatility model to even out risk over time. The fund holds a net asset value of about $50.30 per share and manages roughly $40.2 million in assets, with a management fee of 0.65% per year. It originally launched on the SIX Swiss Exchange in April 2022 and has since been listed on multiple European exchanges, including Deutsche Boerse Xetra, Euronext Amsterdam, Euronext Paris, and Nasdaq Stockholm. The fund description notes that gold has long served as a hedge against inflation, while Bitcoin is increasingly viewed as \"digital gold\".
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
