- The new Bitwise Proficio Currency Debasement ETF (BPRO) will combine gold, silver and Bitcoin to help investors against falling fiat value.
- This fund maintains at least a 25% allocation to gold, while adding exposure to mining stocks and other hard assets.
- Rising government debt and central bank policies are some of the factors affecting investor interest in assets like these.
Government debt levels and geopolitical conflicts have been on the rise over the last few years.
Many people worry that traditional currencies like the dollar or the euro are losing their purchasing power over time. This fear of currency debasement has led Bitwise and Proficio Capital Partners to launch a new investment tool.
This tool is called the Bitwise Proficio Currency Debasement ETF (BPRO), and it offers investors a way to hold assets that do not rely on any single national policy.
Why Investors Fear Currency Debasement Right Now
The concept of currency debasement typically occurs when a government increases the supply of its money or takes on excessive debt. This process often leads to inflation, which eats away at the value of savings.
Bitwise Chief Investment Officer Matt Hougan believes that this is the largest threat to financial health over the long term. He pointed to the fact that the dollar has lost much value over the last fifteen years.
Last year, Harvard’s endowment bought gold and bitcoin as a hedge against currency debasement. Now, you can too, in a single actively managed ETF.
Excited to launch the Bitwise Proficio Currency Debasement ETF ($BPRO).
— Matt Hougan (@Matt_Hougan) January 22, 2026
Hougan even used a $10 trillion banknote from Zimbabwe as a reminder of what happens when money printing goes too far.
While most major economies are not facing hyperinflation, the decline of currency value continues to be a major source of worry for wealthy families. The BPRO ETF is thus attempting to solve this by bundling “hard assets” together.
These assets historically hold their value better than paper money, especially when governments struggle with deficits.
How the Bitwise Proficio Currency Debasement ETF Works
The BPRO ETF is an actively managed fund. This means that the managers can change the mix of investments based on what is happening in the market.
Another important rule for the fund is that it will always keep at least 25% of its assets in gold. Gold has performed very well lately, after hitting new all-time highs as central banks around the world bought up the metal to diversify their own reserves.
Beyond gold, the fund includes several other categories like Bitcoin, Silver and Platinum, Palladium and mining equities.
Today, the debasement trade has a new weapon in its arsenal.
Introducing the Bitwise Proficio Currency Debasement ETF (NYSE: BPRO), a first-of-its-kind, actively managed investment strategy targeting assets poised to benefit from the eroding purchasing power of fiat currencies… pic.twitter.com/kpKPFK26p0
— Bitwise (@BitwiseInvest) January 22, 2026
Bitwise and Proficio Capital Partners hope that by providing this, investors will have a diversified shield against debasement.
Bob Haber, the Chief Investment Officer at Proficio, notes that these assets are part fo their own class. They are different from stocks or bonds that are denominated in a specific currency.
In other words, if an investor feels that they are not being paid enough to take the risk of holding government bonds, these alternatives are much more attractive.
Bitcoin in the Debasement Trade
Bitcoin is a major part of the currency debasement strategy.
Even though Bitcoin can be volatile, its supply is strictly limited by code. Unlike a central bank that can print more money, no one can create more Bitcoin than the protocol allows.
Over the past year, Bitcoin has also reached peaks above $126,000, even though it has seen some price pullbacks since then.
Hougan compared the current demand for Bitcoin to the way central banks buy gold.
Since early 2024, spot Bitcoin ETFs have often purchased more than 100% of the new Bitcoin mined each day. This high demand against a fixed supply creates a similar relationship to the gold market.
In all, while central banks are not yet buying Bitcoin, institutional investors are filling that role through these new fund structures.
