Bitwise launches BPRO ETF on the NYSE, hedging fiat currency depreciation with bitcoin and gold

Foresight News reported that Bitwise has announced the launch of the Bitwise Proficio Currency Debasement ETF, ticker symbol BPRO, on the New York Stock Exchange (NYSE). This fund is an actively managed investment strategy that invests in assets that benefit from the decline in purchasing power of global fiat currencies, including gold, bitcoin, silver, other precious metals, and mining stocks.

Bitwise stated that since 2006, the purchasing power of the US dollar has declined by 40%, and US debt is approaching $40 trillion, with debt interest payments for the 2026 fiscal year exceeding $1 trillion. BPRO aims to provide investors with a way to hedge against the risks of rising deficits and currency issuance by investing in anti-debasement 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 will not invest directly in crypto assets, but will gain indirect exposure by investing in Crypto ETPs.