Deep Tide TechFlow News, on May 9, according to Bloomberg, the Battleshares brand under Tidal Financial Group submitted an application to the U.S. SEC, planning to launch two ETFs that hedge Bitcoin against gold.

The product will allow investors to directly bet on the relative performance of the two asset classes through tools such as shorting securities, swap contracts, and options. Counterpoint Chief Strategist Dhaval Joshi believes that Bitcoin will gradually erode gold's market share, and that the long-term outlook for a BTC long/gold short combination is more promising.