Bitwise has launched the BPRO ETF on the NYSE, combining Bitcoin, gold, and precious metals to help investors hedge against fiat currency decline.
Key Takeaways
- Bitwise Asset Management, in partnership with Proficio Capital Partners, has launched the BPRO ETF on the New York Stock Exchange.
- The actively managed ETF blends Bitcoin, gold, silver, and mining stocks, aiming to protect investors from currency debasement.
- Minimum 25 percent of the fund will remain in gold and gold-related assets, with allocations shifting based on market trends.
- The fund is a response to growing investor concerns over fiat currency erosion and offers exposure to both digital and traditional hard assets.
What Happened?
Bitwise Asset Management and Proficio Capital Partners have teamed up to launch a new ETF under the ticker BPRO, now trading on the NYSE. The fund, officially named the Bitwise Proficio Currency Debasement ETF, is designed to help investors safeguard wealth in a climate of declining fiat purchasing power. With a dynamic allocation strategy, the fund invests in Bitcoin, physical gold, silver, platinum, and mining equities, maintaining a base exposure of at least 25 percent to gold.
Today, the debasement trade has a new weapon in its arsenal.
— Bitwise (@BitwiseInvest) January 22, 2026
Introducing the Bitwise Proficio Currency Debasement ETF (NYSE: BPRO), a first-of-its-kind, actively managed investment strategy targeting assets poised to benefit from the eroding purchasing power of fiat currencies… pic.twitter.com/kpKPFK26p0
A Strategic Hedge Against Currency Erosion
The BPRO ETF stands out by combining traditional stores of value like gold and silver with modern digital assets such as Bitcoin. Bitwise, known for its crypto indexing expertise, joins forces with Proficio, a specialist in precious metals and wealth preservation strategies. Their joint effort targets an increasingly pressing concern: the devaluation of fiat currencies, especially the U.S. dollar, which has lost approximately 40 percent of its purchasing power over the last two decades.
According to Matt Hougan, CIO at Bitwise, the traditional 60/40 stock-bond portfolio “is struggling in an era of rapid monetary expansion.” The new ETF, he added, is a “powerful new way to hedge against the persistent decline of fiat currency.“
Bob Haber, CIO at Proficio, emphasized the importance of underutilized hard assets like gold. “Currency debasement isn’t just a theoretical risk. It is an active tax on every dollar an investor saves,” he said. BPRO, he added, is an evolution in wealth preservation that blends “precious metals and digital stores of value” to offer a more adaptable shield against economic uncertainty.
How BPRO Works?
BPRO is structured as an actively managed ETF, which means professional managers can shift asset allocations in response to market conditions. The fund includes:
- Direct exposure to Bitcoin, typically through regulated custodians.
- Physical gold holdings or shares in gold bullion trusts.
- Silver, platinum, palladium, and mining stocks for added leverage and diversification.
- A minimum 25 percent allocation to gold-related assets at all times.
This dynamic allocation approach offers flexibility, enabling the fund to increase gold exposure during periods of economic turbulence or shift toward Bitcoin during bullish market cycles.
Responding to Investor Demand
The BPRO ETF launch follows a wave of investor interest in hybrid asset strategies and the recent success of spot Bitcoin ETFs. A January 2026 survey by Bitwise and VettaFi found that 22 percent of financial advisors consider currency debasement a critical theme in the year ahead. Despite gold’s historical importance, it remains underrepresented in modern portfolios, making BPRO an appealing option for investors seeking a diversified hedge in a single ticker.
The fund also brings accessibility and liquidity benefits. Listed on a major U.S. exchange, BPRO offers daily disclosure of holdings, tight bid-ask spreads, and the transparency that institutional and retail investors alike expect.
The Competitive Landscape
While there are many single-asset ETFs for Bitcoin (like IBIT and FBTC) or gold (like GLD and IAU), BPRO is one of the first funds to blend both in a dedicated, actively managed ETF format. Its positioning as a currency debasement hedge gives it a unique value proposition compared to broad multi-asset funds or static commodity products.
The total expense ratio for the fund is 0.96 percent, and it is managed by Bitwise Investment Manager, LLC, with Proficio Capital Partners LLC acting as the sub-adviser.
CoinLaw’s Takeaway
In my experience, ETFs like BPRO are game changers for investors who want simplicity without sacrificing strategy. Combining Bitcoin and gold in one fund makes total sense right now. We are living in a time where traditional portfolios feel less secure, and inflation eats away at cash sitting idle. I found the minimum gold allocation and Proficio’s metals expertise a solid anchor, while Bitwise brings proven crypto credibility. If you’ve ever felt torn between stacking Bitcoin or gold, BPRO hands you both, professionally managed and rebalanced for you. That’s a big win for the modern investor.
