Share this article
Bitwise Debuts Bitcoin and Gold ETP in Europe
The Bitwise Diaman Bitcoin & Gold ETP (BTCG), which commenced trading on Euronext Paris and Amsterdam on Thursday, replicates the Diaman Bitcoin and Gold Index
Updated Mar 6, 2025, 1:35 p.m. Published Mar 6, 2025, 11:28 a.m.
What to know:
- Bitwise has unveiled an exchange-traded product (ETP) tracking bitcoin and gold.
- The Bitwise Diaman Bitcoin & Gold ETP (BTCG) replicates the Diaman Bitcoin and Gold Index, which dynamically reallocates value between BTC and gold, depending on the risk-adjusted performance of bitcoin.
Asset manager Bitwise has unveiled an exchange-traded product (ETP) tracking bitcoin (BTC) and gold.
The Bitwise Diaman Bitcoin & Gold ETP (BTCG), which commenced trading on Euronext Paris and Amsterdam on Thursday, replicates the Diaman Bitcoin and Gold Index.
STORY CONTINUES BELOW
The index dynamically reallocates value between BTC and gold, depending on the risk-adjusted performance of bitcoin, thus taking advantage of cyclical trends between risk-on and risk-off behavior in financial markets.
While bitcoin is often described as a form of digital gold, it often tracks risk assets like tech stocks rather than the yellow metal.
For example, gold ascended to record highs in February amid concerns about U.S. President Trump's tariff plans. BTC, on the other hand, fell nearly 17%.
Більше для вас
Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
Що варто знати:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
Більше для вас
This article is created to test tags being added to image overlays
Dek: This article is created to test tags being added to image overlays
Що варто знати:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
Top Stories
