Quantity Funds Launches US Bitcoin And Gold ETF
Highlights
- Quantity Funds has launched the STKD Bitcoin & Gold ETF in partnership with Return Stacked.
- The fund provides 100% exposure to both Bitcoin and Gold.
- Economist Peter Schiff continues to tout Gold as a better investment option despite BTC boasting greater returns.
Quantity Funds has announced the launch of a US Bitcoin and Gold ETF, which will provide investors exposure to these unique assets in one single wrapper. This development comes amid the debate by market experts like Peter Schiff on which of these two assets provides the most value to investors.
Quantity Funds Launches STKD Bitcoin & Gold ETF
Quantity Funds announced in a press release the launch of the STKD Bitcoin and Gold ETF in partnership with Return Stacked. This ETF will combine BTC and Gold in a single vehicle, allowing investors to invest in “two scarcity assets that may protect against future inflation and currency debasement.”
Indeed, these assets, especially BTC can help provide a hedge against future inflation and currency debasement. BitMEX co-founder Arthur Hayes recently predicted that Bitcoin will soar due to war-fueled inflation.
According to the announcement, this fund is unique as it provides 100% exposure to both its Bitcoin and Gold strategies. The Bitcoin strategy will seek to capture every price return of BTC by investing in Bitcoin futures and ETPs. Meanwhile, the Gold strategy will also seek to capture the price return of the asset through investments in Gold futures and ETPs.
The press release noted the popularity of the “bitcoin vs gold” argument when building a multi-asset portfolio. However, According to Quantity Funds, this discussion misses the larger role that both assets can play for investors looking for a mix of capital appreciation and portfolio hedging.
David Dziekanski, CEO and CIO of Quantity Funds, said,
We’re thrilled to be bringing this new fund to market and are very excited to connect with advisors, institutions and others to educate them about the role stacked exposure to bitcoin and gold can play in a well-constructed, capital-efficient portfolio.
Peter Schiff Continues Bitcoin Vs. Gold Debate
Gold proponent and renowned Economist Peter Schiff has continued to spark the Bitcoin vs. Gold debate. He stated in an X post that everyone is focused on the “meaningless, Trump-inspired Bitccoin pump” while missing the significance of Gold hitting another record high above $2,680.
He added that the BTC price may be up more but it has remained range-bound for seven months unlike Gold which continues to set one record high after another. Schiff went as far as referencing a CNBC interview in which the focus was Bitcoin and its recent rally to $67,000 while there was no mention of Gold’s record high.
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