TechFlow News, according to The Block, a proposed ETF filed its prospectus on Thursday aiming to allow traders and investors to gain exposure to both bitcoin and gold without having to purchase either asset directly. The STKD Bitcoin & Gold ETF, launched jointly by Tidal Investments and Quantify Chaos Advisors, is designed to provide simultaneous exposure to bitcoin and gold through bitcoin futures and ETFs, as well as gold futures and ETFs.
According to the prospectus, by combining assets with low correlation, the fund aims to reduce the impact of short-term market volatility on overall investment returns, potentially offering more stable investment performance. The ETF will use leverage and will not invest directly in bitcoin or other digital assets, nor in gold or bullion. The filing specifies an effective date of September 9, 2024, but does not include a ticker symbol or any related fees.
