Bitwise's 'Debasement' ETF Pairs Bitcoin and Gold as a Hedge Against Your Depreciating Dollars
Bitwise has launched the Proficio Currency Debasement ETF (BPRO) on the NYSE, offering exposure to cryptocurrencies and precious metals as a hedge against fiat currency debasement. The actively managed ETF, created in partnership with Proficio Capital Partners, targets a minimum 25% allocation to gold, with additional exposure to silver, platinum, palladium, mining equities, and Bitcoin. The fund aims to capitalize on concerns about currency value erosion, fueled by government deficits, money printing, and inflation. Over the past year, gold and silver prices have surged, while Bitcoin has declined despite hitting a record high. BPRO carries a 0.96% expense ratio, higher than Bitwise’s spot Bitcoin ETF. Bitwise CIO Matt Hougan highlights fiat debasement as a major long-term wealth risk and notes growing advisor interest in diversification. Analysts cite central bank gold buying as a key price driver, while institutional demand for spot Bitcoin ETFs mirrors similar dynamics. Some investors, including Ray Dalio, recommend portfolio allocations to gold and Bitcoin due to fears of a debt crisis and wealth destruction through inflation.
