In Times of Inflation Vinter and ByteTree Makes a BOLD Bet


Stockholm, 27 April 2022 – Vinter, the leading crypto index provider, announces the launch of the BOLD1 index – providing investors with exposure to bitcoin and gold. The index will be underlying financial products as of today.

Inflation in Europe is at its highest level since the euro was introduced. Eurostat has estimated the year-on-year inflation rate for consumer prices in March to be 7.4%, far above the 2% target set by the European Central Bank. As a result, investors have started searching for havens from what could become the worst inflation in four decades.

The Vinter Bytetree BOLD1 Inverse Volatility Index (“BOLD1”) is an index containing bitcoin and gold, weighted such that an equal amount of risk is invested into both assets. The more volatile bitcoin is (relative to gold), the lower the weight in bitcoin.

Jacob Lindberg, CEO and co-founder of Vinter, said: “Gold is a risk-off asset, whereas bitcoin is a risk-on asset. Thanks to their similarities and dissimilarities, combining the two assets in a portfolio makes sense. In times of inflation, hard assets and stores of value are usually smart investments.”

Charlie Erith, CEO at ByteTree, added: “Gold has historically delivered portfolio protection in inflationary environments while bitcoin is the digital equivalent of gold with growing adoption by investors as a distinct asset class and a core store of wealth. In a time of rising structural inflation and heightened geopolitical risk, we believe this can act as an important risk and return diversifier in a balanced portfolio.”

Media relations

Vinter | Marco Poblete | press@vinter.co

About Vinter

Vinter is Europe’s fastest-growing index provider specialized in crypto assets, playing a pivotal role in the emerging crypto ETF industry. The firm collects digital asset data from hundreds of sources, transforming proprietary strategies into investable products. For more information, please visit www.vinter.co.

Disclaimer

Vinter is not a registered investment or tax advisor or a broker/dealer. The content of this document is intended only to provide general and preliminary information and shall not be construed as investment, tax, legal or financial advice. The reader shall ensure that all of their investment decisions are not made based on the content of this document and shall be solely responsible for all financial losses made in connection with investment decisions. Nothing contained in this document constitutes a solicitation, recommendation, endorsement, or offer by Vinter or any third party associated with Vinter to buy or sell any financial instruments in this or any other jurisdiction. Although best efforts are made to ensure that all information on this document is accurate and up to date, unintended errors and misprints may occur occasionally. Invierno AB (559207-4172) is the legal name of Vinter. It is a registered Benchmark Administrator by Finansinspektionen (FI) and the European Securities and Markets Authority (ESMA) under Article 34 of the European Benchmarks Regulation (2016/1011). Various intellectual property rights protect Vinter and its indexes. All third-party use of Vinter and its indexes require by law a licensing agreement with Vinter.

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