Bitwise and Proficio Launch Currency Debasement ETF Focused on Gold, Bitcoin, and Hard Assets

As geopolitical uncertainty intensifies and government debt levels continue to rise across major economies, investors are increasingly searching for ways to protect purchasing power. Responding to this shift, digital asset manager Bitwise and Proficio Capital Partners, a division of a Florida-based multi-family office, have launched a new exchange-traded fund designed to hedge against currency debasement.

The Bitwise Proficio Currency Debasement ETF, which launched on Thursday, is built around the idea of investing in assets that are not directly tied to any single government-issued currency. The fund will allocate a minimum of 25% of its assets to gold, which has surged to record highs this year amid inflation concerns, geopolitical tensions, and growing skepticism around fiat currencies.

However, the ETF’s strategy goes beyond simply capitalizing on gold’s recent momentum. According to Bob Haber, chief investment officer and co-founder of Proficio Capital Partners, the fund is structured around what he describes as a distinct asset class—one separate from traditional stocks and bonds denominated in dollars, euros, or other national currencies. Haber argues that when investors are not adequately compensated for the risks associated with government bonds or currency-backed assets, alternatives such as gold and bitcoin become increasingly attractive.

In addition to gold and bitcoin, the ETF provides exposure to other precious metals, including silver, platinum, and palladium. It will also invest in mining companies involved in the production of these metals, offering indirect exposure to the broader hard assets ecosystem. This diversified approach aims to appeal to investors seeking both store-of-value assets and growth potential linked to global demand for commodities.

Even if precious metals experience short-term price consolidation, Haber believes investor interest in so-called “hard currencies” will continue to grow. He views this trend as a long-term structural shift rather than a temporary reaction to market volatility.

As concerns over inflation, fiscal deficits, and monetary policy persist, products like the Bitwise Proficio Currency Debasement ETF reflect a broader movement toward alternative assets. For investors looking to diversify away from traditional currency risk, this ETF offers a curated blend of gold, bitcoin, and precious metals designed to navigate an evolving global financial landscape.