tl;dr
Quantity Funds, in partnership with Return Stacked, has launched a US Bitcoin and Gold ETF. This ETF combines Bitcoin and Gold in a single vehicle, providing 100% exposure to both assets. The fund aims to protect against future inflation and currency debasement. Economist Peter Schiff continues to a...
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Quantity Funds, in partnership with Return Stacked, has launched a US Bitcoin and Gold ETF. This ETF combines Bitcoin and Gold in a single vehicle, providing 100% exposure to both assets. The fund aims to protect against future inflation and currency debasement. Economist Peter Schiff continues to advocate for Gold despite Bitcoin's higher returns. The ETF seeks to capture the price returns of both assets through investments in futures and ETPs. This development comes amid the ongoing debate on the value of Bitcoin versus Gold for investors.
Quantity Funds has announced the launch of a US Bitcoin and Gold ETF, which will provide investors exposure to these unique assets in one single wrapper. This development comes amid the debate by market experts like Peter Schiff on which of these two assets provides the most value to investors.
Quantity Funds announced in a press release the launch of the STKD Bitcoin and Gold ETF in partnership with Return Stacked. This ETF will combine BTC and Gold in a single vehicle, allowing investors to invest in “two scarcity assets that may protect against future inflation and currency debasement.” Indeed, these assets, especially BTC can help provide a hedge against future inflation and currency debasement.
According to the announcement, this fund is unique as it provides 100% exposure to both its Bitcoin and Gold strategies. The Bitcoin strategy will seek to capture every price return of BTC by investing in Bitcoin futures and ETPs. Meanwhile, the Gold strategy will also seek to capture the price return of the asset through investments in Gold futures and ETPs.
Gold proponent and renowned Economist Peter Schiff has continued to spark the Bitcoin vs. Gold debate. He stated that everyone is focused on the “meaningless, Trump-inspired Bitcoin pump” while missing the significance of Gold hitting another record high above $2,680. He added that the BTC price may be up more but it has remained range-bound for seven months unlike Gold which continues to set one record high after another.
More about General Dynamics Corporation
General Dynamics Corporation Summary
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry: MANUFACTURING, SHIP & BOAT BUILDING & REPAIRING
Market Cap: $82.49B
P/E Ratio: 23.4
EPS: 5.48
Dividend Yield: 2.83%
52-Week High: $164.48
52-Week Low: $78.9
Revenue: $44.946B
Operating Margin: 327.35
Return on Equity: 20.7%
Debt to Equity: 0.18