[21Shares' Bitcoin and Gold ETP Listed on the London Stock Exchange] According to CoinDesk, 21Shares' Bitcoin and Gold ETP (ticker BOLD) began trading on the London Stock Exchange on January 13. This product offers a traded investment tool designed to achieve Bitcoin-like returns while reducing volatility. BOLD integrates Bitcoin and gold into a risk-weighted portfolio and will become the first UK-listed product to offer both assets within a single traded investment tool. The launch of this product follows the UK's lifting of restrictions on cryptocurrency-traded products in October and comes at a time when demand for regulated digital asset investments is on the rise. The product was first launched in Switzerland in April 2022 and is currently traded on several major exchanges across Europe. Since its launch, as of the end of 2025, its return rate in GBP has reached 122.5%, outperforming both Bitcoin and gold over the same period. The Bitcoin and gold backing this product are held by institutional-grade custodians. Asset allocation is rebalanced monthly to maintain an equal level of risk exposure rather than equal capital weighting. The product allows for intraday trading and has a total expense ratio of 0.65%.