Tidal Financial Group has filed with the SEC to launch two bitcoin-gold hedge ETFs

Tidal Financial Group's Battleshares brand has filed with the SEC to launch two ETFs that hedge bitcoin against gold. The product will allow investors to bet directly on the relative performance of the two asset classes through instruments such as shorting securities, swaps and options. Dhaval Joshi, chief strategist at Counterpoint, believes that bitcoin will gradually erode the market share of gold, and the long-term bullish BTC/short gold combination has more potential.