21Shares has launched an innovative dual-asset ETP product—BOLD—on the London Stock Exchange. The highlight of this product is its combination of two traditional safe-haven assets, Bitcoin and Gold. How is it combined? Using a risk-weighted structure. Simply put, through a scientifically calibrated allocation ratio, the high volatility of Bitcoin is partially hedged by the stability of Gold, resulting in a product that can track Bitcoin's upside potential while avoiding excessive volatility. The logic behind this design is clear—against the backdrop of macroeconomic uncertainty, investors' demand for risk-controlled multi-asset exposure is increasing. The listing of Bitcoin-related products on the London Stock Exchange, a traditional financial platform, also indicates that institutional-level acceptance of Bitcoin is continuously growing. The emergence of structured tools like ETPs further lowers the barrier for retail investors to participate in Bitcoin and precious metals exposure.