Bitwise Proficio Currency Debasement 

The Bitwise Proficio Currency Debasement ETF (BPRO) aims for capital growth by investing in assets designed to withstand the erosion of purchasing power in major global currencies. These "debasement-resistant" assets, valued for their difficulty to inflate or manipulate, encompass traditional precious metals like gold, alongside digital assets such as Bitcoin. The fund's portfolio primarily includes Exchange Traded Products (ETPs) that directly hold these assets, as well as Exchange Traded Funds (ETFs) focused on companies involved in precious metal mining. BPRO may also allocate to equity and debt instruments issued by relevant corporations, sovereign debt, various global currencies, and more complex financial vehicles like structured products or leveraged ETPs linked to these asset classes. Investment selections are dynamic, guided by macroeconomic analysis and a proprietary modeling framework, which undergoes review at least weekly. As an actively managed fund, BPRO is expected to maintain a significant allocation to gold but expressly avoids direct investments in cryptocurrencies. Additionally, BPRO has the flexibility to employ options contracts to establish diverse market positions based on anticipated price movements of its underlying holdings.