Bitwise, an investment product issuer specializing in digital assets, has launched a new exchange-traded fund (ETF) aimed at hedging strategies against the loss of purchasing power of fiat currencies around the world. The product is called “Bitwise Proficio Currency Debasement” and began trading on the New York Stock Exchange under the ticker BPRO.
According to the company’s theory, the fund targets assets such as: May benefit in an environment of currency devaluation. These include Bitcoin (BTC), precious metals like gold and silver, and stocks of mining companies.
This product is part of what is called a “degraded trade” in the market. It consists of investments in assets whose supply cannot be easily expanded and which have historically been used as stores of value.
The ETF was developed in conjunction with Proficio Capital Partners, a US company focused on investing in precious metals and other assets that are resistant to declines in value.
ETF to counter currency depreciation
The guys at Bitwise explain their ETF approach. Some of the concerns shared by many investors. “We are not alone in thinking that there is a big problem with fiat currencies,” they expressed in their announcement.
They highlight that the US dollar lost about 40% of its purchasing power in 2006 alone, a phenomenon associated with repeated use of money printing, as unlimited supply affects demand to maintain its value.
In this context, they note that the U.S. debt has quintupled over the past 20 years, reaching nearly $40 trillion. And they reveal that interest payments on the debt will exceed $1 trillion, exceeding defense spending in fiscal year 2026. This motivates the scenario of continuing to print money to settle accounts.
For fund managers, this economic context Strengthen the attractiveness of alternative assets that do not depend on currency issuance. “BPRO seeks to offer investors a way to protect their portfolios from the unstoppable flow of reckless spending, rising deficits and money printing by governments around the world by investing in depreciating assets that cannot be easily hiked or manipulated,” he says.
Among ETFs, Bitcoin is in position due to scheduled issuance Unlike fiat currency, it cannot be changed by political decisions. Its mining volume will be cut in half by a halving every four years until the total capacity reaches 21 million BTC. From this point of view, this asset is presented as a possible long-term hedge against monetary value erosion.
The fund also includes exposure to gold, silver, and other precious metals as stores of value due to their scarcity on the planet. The pack is then completed with shares of mining companies. These tend to be preferred when the price is low. merchandise Given that they are dedicated to extracting these assets, it will rise.
BPRO’s launch comes amid increased interest in gold, which reached new record prices this week. Meanwhile, Bitcoin is currently undergoing a correction from its all-time high of $126,000 (USD) hit in October, but bulls expect it to do so in the long term. According to a report from CriptoNoticias, BTC is gaining attention as digital gold.
In that sense, the appearance of this ETF is Bitwise reinforces Bitcoin’s narrative as a haven against inflation. However, like any investment, its performance depends on both the evolution of the market and the effectiveness of these assets and instruments as a haven of value.
(Tag Translation) Bitcoin (BTC)
