According to a report by Bloomberg on May 9, Deep Tide TechFlow news states that the Battleshares brand under Tidal Financial Group has submitted an application to the SEC to launch two ETFs that hedge Bitcoin with gold.



This product will allow investors to directly bet on the relative performance of two asset classes through tools such as shorting securities, swap contracts, and options. Counterpoint's Chief Strategist Dhaval Joshi believes that Bitcoin will gradually erode gold's market share, and that a long position in BTC and a short position in gold have greater potential in the long term.
BTC-4,89%
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