Have you ever thought about how you can not only diversify your portfolio, but also make it more stable? For example, through a mix of gold and Bitcoin, which together can help to reduce the drawdown and at the same time increase the potential returns?

The 21Shares Bytetree BOLD ETP (ISIN CH1146882308) $BOLD (+0.77%) combines the characteristics of gold and Bitcoin in one product. The weighting is adjusted monthly according to the principle of inverse volatility: The less volatile asset receives a higher weighting, while the more volatile asset is weighted correspondingly lower. This creates a dynamic balance between stability and growth opportunities.

The ETP is physically backed, i.e. the units are actually backed by gold and Bitcoin. With annual costs of around 0.65% and accumulation of income, the product has a transparent structure. The fund volume is still small at around EUR 20-30 million, but the performance since launch has been very strong: in 2023 it was around +14%, in 2024 even +58%. Over the year (as at summer 2025), the return is around +40 %, with volatility of around 27 %.

Risks of the 21Shares BOLD ETP (CH1146882308)

1. high volatility

Despite the "balance" strategy, Bitcoin remains a very volatile asset. Price fluctuations of double-digit percentages in a short period of time are possible.

2. issuer risk

This is an ETN. This means that you are a creditor of the issuer (21Shares). In the event of insolvency, there could be problems with repayment - despite physical collateralization.

3. low fund volume

With a current fund size of only around EUR 20-30 million, the product is relatively small. This can have an impact on tradability (liquidity, spread).

4. market risk of gold

Gold also fluctuates, albeit much less than Bitcoin. Gold can come under pressure, particularly in phases of rising interest rates.

5 Regulatory risk

Cryptocurrencies are heavily dependent on regulation. Changes in legislation could have an impact on tradability or taxation.

6. costs

At 0.65% TER, the product is more expensive than traditional ETFs. However, it can provide tax savings in the custody account as you do not have to reallocate.

7. currency risk

The product is traded in CHF/EUR/GBP. If you invest in euros, you also have an exchange rate risk against the US dollar (as gold and Bitcoin are quoted in USD).

"Possible 1-year scenarios of the 21Shares BOLD ETP (example: USD 10,000 investment) from the fact sheet" - recalculations

Stress scenario (2017-2018): USD 530 → -94.7%

Pessimistic scenario (2018-2019): USD 2,710 → -72.9 %

Medium scenario (2023-2024): USD 14,970 → +49.7 %

Optimistic scenario (2016-2017): 143,770 USD → +1,337.7 %

What does your asset allocation look like? What do you think of BOLD? How do you weight gold, BTC etc.?

BOLD | 21Shares Bitcoin Gold ETP https://share.google/n1eapJCeUCXvoxcd9

$BTC (+0.33%)
$IWDA (-0.69%)
$VWRL (-0.55%)
$965515 (+0.77%)

$SOFI (-1.98%)
$IWDA (-0.69%)
$RKLB (+1.47%)
$AFRM (+0.96%)

Slowly the squirrel feeds 🐿️

Heyy,

I would like to focus more on growth and therefore sell the $FGEQ (-0.75%)

Nevertheless, I value dividends for the visual incentive 😉.

I am therefore considering changing the weighting of my ETFs.

Please let me know your opinions and views on this. 💡

New strategy:

$IWDA (-0.69%) 40%

$TDIV (-0.49%) 40%

Individual shares remain at:

$NVDA (-3.22%) 10%

$AMZN (-1.14%) 5%

$V (+0.58%) 5%

Hey everyone 👋

I'm 21 and have been investing since the end of last year. My goal is to build a solid portfolio over the long term and learn as I go. I'm happy to receive feedback, tips or food for thought on my strategy - everything helps to get better! 💡

About the strategy/target weighting:

Base/dividends:

$IWDA (-0.69%) to 30%

$TDIV (-0.49%) to 30%

$FGEQ (-0.75%) to 20%

Individual shares as an additional boost:

$NVDA (-3.22%) 10%

$AMZN (-1.14%) 5%

$V (+0.58%) 5%

I invest €400 per month towards the target weighting.

Hello,

I need the opinion of the community.

Should I use the $IWDA (-0.69%) and $EIMI (-0.86%) and put the entire budget into the $VWCE (-0.8%) into the

I would have everything covered with one ETF. Does this make sense?

Any further comments and improvements are welcome.

Thank you very much

I have sold a part $SGBS (+0.89%) to get to 5% in my weighting and reinvested in $IWDA (-0.69%) reinvested.

Now the $SGBS (+0.89%) is being fed with the round up and SaveBack and overnight interest from Trade Republic. And that $IWDA (-0.69%) together with the $TDIV (-0.49%) with a savings rate of 60/40%.

$BTC (+0.33%) naturally continues on a weekly basis.

Carsten

$CSPX (-0.76%)

$IWDA (-0.69%)

According to the Wall Street Journal, listed companies in the US have only used the word "recession" 67 times so far this quarter, compared with 429 times in the first quarter.

A short introduction on my part. I am 26 years old and have been investing for 3-4 years. The last two years I have done a professional training. This now enables me to earn a net salary of around € 3300 to start with. I also have a side business which also earns me around €1000 a month.

Now to the plan I'm pursuing until I'm 30. As you can see from my portfolio, my individual stocks are underperforming the market, although I am convinced of the values in the long term. I will therefore now shift my focus strongly in the direction of ETFs.

Savings plan in the future:

100€ per month in Bitcoin

100€ in a building society saver to get the 70€ housing construction premium per year (is a legacy from 2023 and has a good financing interest rate)

$HOOD (+0.2%) and $HIMS (-3.83%) should be saved up to a maximum of €1000 via a savings plan. I think both models are very promising, but I'm aware of the risk involved.

$IWDA (-0.69%) I want to accumulate around €1800 per month as a core.

So I hope to have around the first €100,000 in my portfolio by then.

This will leave me €2200 to live on, which should be enough for a normal standard of living. Do you think the savings targets are realistic or do you think the 50% savings rate is too extreme?

Hello everyone!

I follow a dividend strategy together with a few securities as ETFs. In addition, there are a few crypto stocks, but these were often just gimmicks that went quite well in the aftermath. Now I have the $ZPRG (+0.12%) with the $VWCE (-0.8%) exchanged. But now I have the thought that this was not quite so clever, as it has doubled well with the $IWDA (-0.69%) . What do you think? Is it still okay or should I change something?