Bitwise Launches Bitcoin-Linked Debasement ETF to Counter Declining Dollar Power

A new ETF blending gold, bitcoin, and other scarce assets is entering public markets as investors seek protection from inflation, debt growth and declining purchasing power, signaling a rising push toward hard-asset strategies amid deepening fiat currency concerns.

Bitwise Launches Currency Debasement ETF as US Debt Nears $39 Trillion

Growing anxiety about the long-term erosion of fiat purchasing power is reshaping demand across both traditional and digital investment markets. Global crypto asset manager Bitwise Asset Management announced the launch of the Bitwise Proficio Currency Debasement ETF on Jan. 22, 2026, rolling out an actively managed vehicle centered on hard assets.

Trading on NYSE under the ticker BPRO, the fund is designed to adapt to changing macroeconomic conditions influenced by inflation trends, expanding government debt, and ongoing monetary expansion. Bitwise described:

“BPRO is an actively managed fund that seeks to invest in assets that the managers believe are likely to increase in value as a result of fiat currency debasement worldwide—from gold to mining equities to bitcoin.”

The approach emphasizes flexibility rather than fixed allocations, allowing portfolio weights to evolve alongside market signals.

The announcement details: “The fund will adjust exposures as market conditions change, ensuring the portfolio is guided by Bitwise’s specialty in digital assets and Proficio’s longstanding expertise in precious metals.” That philosophy reflects an effort to merge traditional stores of value with newer digital alternatives. Chief Investment Officer Matt Hougan stated:

“By combining the historical scarcity of gold with the modern, digital scarcity of bitcoin, BPRO offers a powerful new way to hedge against the persistent decline of fiat currency.”

He added, “We believe this ‘hard asset’ approach is the missing piece for the modern portfolio,” pointing to challenges faced by conventional stock-and-bond strategies during periods of elevated inflation and aggressive monetary policy.

Bitwise clarified that BPRO does not directly hold spot crypto assets, noting that exposure to crypto may occur indirectly through derivatives or exchange-traded products (ETPs) that hold spot assets.

Read more: US Debt Surpasses $38T: Analyst Claims America Is ‘Going Broke’

Positioned as a direct response to decades of declining purchasing power, the fund seeks capital appreciation through assets expected to benefit from currency debasement. The announcement notes: “The Fund will target a minimum of 25% in gold at any point, and will strategically allocate across other assets such as silver, platinum, palladium, and other related equities, along with bitcoin.”

Proficio Capital Partners Chief Investment Officer Bob Haber explained:

“Currency debasement isn’t just a theoretical risk; it is an active tax on every dollar an investor saves. BPRO represents the evolution of our wealth preservation mission, shifting between precious metals and digital stores of value to help provide a flexible shield as the purchasing power of global currencies continues to erode.”

Founded in 2014 by Matthew Wosk and Bob Haber, Proficio manages $5 billion for high-net-worth families, businesses, and foundations. Bitwise oversees more than $15 billion in client assets. The Bitwise Proficio Currency Debasement ETF carries a total expense ratio of 0.96% and is now trading on NYSE as a diversified strategy aimed at addressing sustained concerns around fiat currency dilution.

FAQ ⏰

• What is the Bitwise Proficio Currency Debasement ETF?

It is an actively managed ETF designed to invest in gold, bitcoin, and other assets that may benefit from currency debasement.

• What assets does BPRO invest in?

BPRO targets gold, silver, platinum, palladium, related equities, and bitcoin.

• Where is the Bitwise Proficio Currency Debasement ETF listed?

The ETF trades on NYSE under the ticker BPRO.

• What is the expense ratio of BPRO?

The Bitwise Proficio Currency Debasement ETF has a total expense ratio of 0.96%.