Key Notes
- Bitwise’s new BPRO fund maintains minimum 25% gold allocation while actively adjusting Bitcoin, precious metals, and mining stock positions.
- The 0.96% annual fee undercuts competitor BTGD’s 1.05% expense ratio in the currency debasement hedge category.
- Partnership with Boston-based Proficio Capital brings $5 billion firm’s expertise to precious metals strategy component.
Bitwise Asset Management launched the Bitwise Proficio Currency Debasement ETF on NYSE Arca on Jan. 22. The fund combines Bitcoin
BTC
$89 422
24h volatility:
0.7%
Market cap:
$1.79 T
Vol. 24h:
$41.96 B
with gold and other precious metals. It also invests in mining stocks.
The fund trades under the ticker BPRO with a 0.96% annual fee, according to Bitwiseโs announcement. The ETF targets assets that may benefit from the declining purchasing power of government-issued currencies. It keeps at least 25% in gold at all times.
Bitwise, which manages over $15 billion in client assets, partnered with Proficio Capital Partners to handle the fundโs precious metals strategy.
Today, the debasement trade has a new weapon in its arsenal.
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 currenciesโฆ pic.twitter.com/kpKPFK26p0
โ Bitwise (@BitwiseInvest) January 22, 2026
Partnership and Strategy
Proficio Capital Partners is a Boston-based investment firm managing approximately $5 billion in client assets as of December 2025, according to Bitwiseโs announcement. Co-founder Bob Haber previously served as Chief Investment Officer of Fidelity Investments Canada for 12 years. He managed funds that earned Lipper Awards, which recognize top-performing investment funds.
Bitwise Chief Investment Officer Matt Hougan described the fund as combining the historical scarcity of gold with what he termed Bitcoinโs modern digital scarcity. He said the traditional mix of stocks and bonds is struggling as governments print more money.
In a Bitwise/VettaFi survey of 299 financial advisors, 22% cited concerns about government-issued currency losing value as a key focus for 2026, according to the survey released on Jan. 13.
Market Context
BPRO enters a market with existing products targeting similar themes. Quantify Funds launched BTGD in October 2024, marketing it as a currency debasement hedge combining Bitcoin and gold. BPROโs 0.96% expense ratio undercuts BTGDโs 1.05% annual fee. 21Sharesโ BOLD product has offered Bitcoin and gold exposure since 2022.
BPRO differs by including additional precious metals and mining stocks. Fund managers will adjust holdings based on market conditions, unlike competitors that hold fixed Bitcoin-gold combinations.
Bitwise launched a Chainlink ETF on Jan. 14 and filed for 11 additional crypto ETFs in late December 2025.
The launch comes as investors increasingly consider physical assets like gold as protection against currency devaluation. Gold recently reached record prices above $4,900 per ounce amid debates about central bank independence and Bitcoinโs potential as a safe-haven asset.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.
