A proposed Bitcoin and Gold Leveraged ETF will be launched on September 9th

According to The Block, a proposed ETF filed its prospectus on Thursday, aiming to allow traders and investors to invest in Bitcoin and gold simultaneously without purchasing any assets. The STKD STKD BitcoinGold ETF, launched by Tidal Investments and Quantify Chaos Advisors, aims to provide exposure to both Bitcoin and gold through Bitcoin futures and ETFs as well as gold futures and ETFs. According to the prospectus, by mixing low-correlation assets, the fund aims to reduce the impact of short-term market fluctuations on overall investment results, potentially providing more stable investment returns. This ETF will use leverage; it will not directly invest in bitcoin or other digital assets nor directly invest in gold or bullion. The document specifies that this ETF's effective date is September 9th, 2024 but does not include stock codes or any related fees.