A proposed Bitcoin and gold leveraged ETF will be launched on September 9

According to ChainCatcher, a proposed ETF submitted its prospectus on Thursday, aiming to allow traders and investors to invest in both Bitcoin and gold simultaneously without having to purchase any of the assets. The STKD Bitcoin&Gold ETF, launched by Tidal Investments and Quantify Chaos Advisors, aims to provide exposure to both Bitcoin and gold through Bitcoin futures and ETFs as well as gold futures and ETFs.

According to the prospectus, by mixing low-correlated assets, the fund aims to reduce the impact of short-term market volatility on overall investment outcomes, potentially providing more stable investment returns. The ETF will use leverage and will not directly invest in Bitcoin or other digital assets, nor will it directly invest in gold or bullion. The document specifies that the effective date of the ETF is September 9, 2024, but does not include a stock ticker or any related fees.