Bitwise Asset Management, the global crypto asset manager with over $15 billion in client assets, in partnership with Proficio Capital Partners, an investment advisory firm with $5 billion in client assets serving high-net-worth families and foundations, announced the launch of the Bitwise Proficio Currency Debasement ETF. BPRO follows an actively managed investment strategy targeting assets poised to benefit from the declining purchasing power of fiat currencies, including bitcoin, gold, silver, precious metals, and mining equities. The fund will adjust exposures as market conditions change, ensuring the portfolio is guided by Bitwise's specialty in digital assets and Proficio's longstanding expertise in precious metals.

"For decades, investors have relied on a simple mix of stocks and bonds to protect their wealth, but that traditional playbook is struggling in an era of rapid monetary expansion," said Matt Hougan, Chief Investment Officer at Bitwise. "By combining the historical scarcity of gold with the modern, digital scarcity of bitcoin, BPRO offers a powerful new way to hedge against the persistent decline of fiat currency. We believe this 'hard asset' approach is the missing piece for the modern portfolio."

Over the past two decades, the U.S. dollar has lost roughly 40% of its purchasing power, with the national debt climbing from $7.5 trillion to $38 trillion. In a recent Bitwise/VettaFi survey, financial advisors cited fiat debasement as one of the most important themes to watch in 2026, with 22% of advisors citing that as a critical area of focus.¹ BPRO provides a strategic response to these well-founded concerns.

"Despite its stellar performance, gold remains a ghost in the modern portfolio. According to Goldman Sachs, gold ETFs account for just 0.17% of private financial holdings, meaning the asset is still remarkably under-owned," said Bob Haber, CIO at Proficio. "Currency debasement isn't just a theoretical risk; it is an active tax on every dollar an investor saves. BPRO represents the evolution of our wealth preservation mission, shifting between precious metals and digital stores of value to help provide a flexible shield as the purchasing power of global currencies continues to erode."

The Fund seeks capital appreciation by investing in assets that may benefit from currency debasement. The Fund will target a minimum of 25% in gold at any point, and will strategically allocate across other assets such as silver, platinum, palladium, and other related equities, along with bitcoin.

The Fund combines Bitwise's deep crypto expertise with Proficio Capital Partners' extensive experience investing in specialized precious metals. Founded in 2014 by Matthew Wosk and Bob Haber, Proficio is a $5 billion investment advisory firm that has spent the last 12 years refining the currency debasement strategy on which BPRO is based. Today, the firm provides sophisticated wealth management solutions to a diverse client base of high-net-worth families, businesses, and foundations.