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ByteTree BOLD Index Monthly Rebalancing Report;

Following rebalancing on 31^st August 2024, the new target weights for the BOLD Index are 25.0% Bitcoin and 75.0% Gold.

The Vinter ByteTree BOLD1 Index (BOLD) invests in Bitcoin and Gold. BOLD combines the world’s two most liquid alternative assets on a risk-adjusted basis. Due to their naturally low correlation, the diversification benefits of holding both assets have been unusually high. Bitcoin prefers risk-on market conditions, while Gold prefers risk-off.

In August, BOLD rose by 0.1%, Bitcoin fell by 8.7%, Gold rose by 2.3%, and global equities rose by 2.5% in USD terms. The target weights last month were 25.3% and 74.7% (Bitcoin to Gold). Price changes over the month led to the last day’s weights at 22.6% and 77.4%. This means the latest rebalancing has seen 2.4% added to Bitcoin and correspondingly reduced from Gold to meet the new target weights.

Bitcoin, Gold, BOLD and Equities in August 2024

BOLD Performance

Over the past year, Bitcoin’s performance has returned 102.2%, in contrast to Gold with 27.4%, while equities rose 21.5%. BOLD has returned 47.5%.

BOLD – Stability in a Storm

In October, BOLD rose by 1.5%, Bitcoin fell by 3.1%, and Gold rose by 3.7% in USD terms. The month saw significant corrections for both assets, but it was encouraging to see the assets exhibit counter-cyclical behaviour.

Charlie Morris

BOLD · Oct 20, 2025

ByteTree UK Crypto ETN Survey

For the first time since 2021, private investors in the UK are allowed to buy Bitcoin and Ethereum through their investment platforms. This survey aims to gain a better understanding of the landscape for investing in crypto ETNs.