Bitwise launches BPRO ETF on NYSE, hedging fiat currency depreciation through Bitcoin and gold

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

Bitwise stated that since 2006, the dollar’s purchasing power has decreased by 40%, and U.S. debt has approached $40 trillion, with debt interest payments exceeding $1 trillion in fiscal year 2026. BPRO aims to provide investors with a means to hedge against rising deficits and currency issuance risks by investing in anti-devaluation 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 does not directly invest in cryptocurrencies but gains indirect exposure through investments in Crypto ETPs.