Asset management firm Bitwise launched an exchange-traded product (ETP) tracking bitcoin and gold on Euronext Paris and Amsterdam on March 6. The product, called the Bitwise Diaman Bitcoin & Gold ETP (BTCG), replicates the Diaman Bitcoin and Gold Index, which dynamically redistributes value between BTC and gold based on Bitcoin's risk-adjusted performance to take advantage of the cyclical trend between risk appetite and risk-averse behavior in financial marekts.