Bitwise Launches BPRO: Bitcoin + Gold Hedge Against Currency Debasement

Bitwise Asset Management started the Bitwise Proficio Currency Debasement ETF (NYSE: BPRO) on January 22, 2026. This is an actively managed fund that mixes Bitcoin with hard assets.

Working with Proficio Capital Partners, the ETF puts at least 25% of its money in gold all the time. It also changes how much it invests in silver, platinum, palladium, mining stocks, and Bitcoin, depending on what's happening in the market. With Bitwise understanding crypto and Proficio knowing a lot about precious metals, BPRO had a strong start with about $52.4 million in assets and good trading on the NYSE Arca, with a 0.96% expense ratio.

The main idea behind the fund is to protect and grow capital when fiat currencies are losing value because of growing national debts, monetary policies, and world uncertainties. Typical stock-bond portfolios have not done well when there is inflation. The U.S. dollar has lost about 40% of its value in the last 20 years, so advisors and investors are looking for other choices. BPRO does this by using gold, which has been a store of value for years, and Bitcoin, which is seen as modern digital gold. It gives crypto exposure without needing direct holdings and attracts those who are worried about currency losing value.

BPRO is a different type of hedge that gives advisors and investors a way to deal with inflation and monetary expansion. By managing how much money is put in different assets, the fund wants to do well when currencies are losing value and stay flexible. This makes it a good addition to portfolios that want to be strong.