Foresight News reports that Bitwise announced the launch of the Bitwise Proficio Currency Debasement ETF on the New York Stock Exchange (NYSE), with the ticker symbol BPRO. The fund is an actively managed investment strategy that invests in assets benefiting from the decline in the purchasing power of global fiat currencies, including gold, Bitcoin, silver, other precious metals, and mining stocks.
Bitwise stated that since 2006, the dollar’s purchasing power has decreased by 40%, and U.S. debt has approached $40 trillion, with debt interest payments exceeding $1 trillion in fiscal year 2026. BPRO aims to provide investors with a means to hedge against rising deficits and currency issuance risks by investing in anti-devaluation assets that are difficult to inflate or manipulate. The fund is launched in partnership between Bitwise and Proficio Capital Partners, which manages $5 billion in assets. The fund does not directly invest in cryptocurrencies but gains indirect exposure through investments in Crypto ETPs.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC 15-minute drop of 0.47%: On-chain capital outflows and insufficient order book depth resonate, amplifying selling pressure
2026-04-06 16:45 to 17:00 (UTC), BTC recorded a return of -0.47% within 15 minutes. The price fluctuation range was 69782.3-70351.7 USDT, with an overall amplitude of 0.81%. Market attention rose rapidly; trading volume expanded in the short term, volatility intensified, and investors’ risk appetite fell significantly.
The main driver of this unusual move was large outflows of on-chain funds and deep holders transferring BTC to trading platforms. Daily on-chain trading volume surged to approximately $37.4 billion, the highest in nearly 7 months. During the Americas trading session, the order book overall fl
GateNews2h ago
Bitcoin climbs above $70,000 as more contrarian bottoming signs emerge
Bitcoin's value surged past $70,000 amid a broader stock market rally, with a nearly 4% increase in 24 hours. Contrarian bulls highlight recent market signals, but uncertainty about the true bottom persists as mining companies sell off holdings.
CoinDesk2h ago
Over the past 24 hours, the entire network liquidated a total of $313 million, with short liquidations accounting for 86.6%.
According to CoinGlass data, on April 6, the total liquidation amount across the cryptocurrency market within 24 hours reached $313 million. Long positions totaled $41.9598 million, while short positions totaled $271 million, accounting for 86.6%. BTC and ETH liquidations were $158 million and $81.3885 million, respectively, for a total of 81,920 people being liquidated. The largest single liquidation was $4.1193 million on the Hyperliquid BTC-USD trading pair.
GateNews3h ago
3 Promising Cryptos to Watch Besides Bitcoin
Ethereum enables smart contracts and open financial access for global users.
Solana offers fast transactions and low fees for scalable decentralized applications.
Ripple supports fast, low-cost payments through an efficient consensus system.
Bitcoin often dominates headlines, but other c
CryptoNewsLand3h ago
