Gold Surge Offsets Bitcoin
Disclaimer: Your capital is at risk. This is not investment advice.
ByteTree BOLD Index Monthly Rebalancing Report;
Following rebalancing on 31st August 2025, the new target weights for the BOLD Index are 32.3% Bitcoin and 67.7% Gold, a further 1.6% increase for Bitcoin over the previous month. Once again, as Bitcoin volatility falls, and gold volatility increases, the BOLD Index has increased exposure to Bitcoin at the expense of gold. This is Bitcoin’s highest ever target weight in the history of the BOLD Index.
The 21Shares ByteTree BOLD ETP (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.
The target weights last month were 30.7% and 69.3% (Bitcoin to Gold). Price changes over the month led to the last day’s weights at 28.2% Bitcoin and 71.8% Gold. This means the latest rebalancing has seen 1.6% added to Bitcoin and reduced from Gold to meet the new target weights.
