New ETF Combines Digital and Physical Currency, Provides 100% Exposure to Bitcoin & 100% Exposure to Gold
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
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Source: Newsfilter
Launch of STKD Bitcoin & Gold ETF: The STKD Bitcoin & Gold ETF (BTGD) combines bitcoin and gold investments, offering a unique "stacked" approach that aims to provide investors with 100% exposure to both assets for potential excess returns and diversification against inflation.
Investment Strategy and Risks: Managed by Quantify Funds, BTGD does not invest directly in bitcoin or gold but uses futures contracts; it carries risks associated with volatility, regulatory changes, and market sentiment, making it essential for investors to understand these factors before investing.
Analyst Views on BTGD
Wall Street analysts forecast BTGD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTGD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.440
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
