The folks at a New York City startup are teaming up to enter the ETF space. Their first offering combines bets on precious metal with bets on a cryptocurrency.

David M. Dziekanski Quantify Funds CEO, Chief Investment Officer, Co-Founder

Yesterday, David Dziekanski, CEO and chief investment officer of Quantify Chaos Advisors, LLC(dba Quantify Funds), unveiled the launch of the STKD Bitcoin & Gold ETF (BTGD on the Nasdaq). Milwaukee-based Tidal Investments LLC [profile] serves as investment advisor and Brooklyn-based Quantify seves as sponsor and subadvisor.

The "STKD" brand derives from the Return Stacked ETFs brand, which is licensed fom Newfound Research LLC and ReSolve Asset Management SEZC (Cayman). (Tidal also helps power the Return Stacked ETFs.)

Dziekanski, who has served as a PM and partner at Tidal Financial Group for a decade, co-founded Quantify last year and is its principal owner. Gemini alumnus Dan Lee (who is based near Sacramento, in El Dorado Hills, California) serves as Quantify's chief operating officer.

BTGD's inception date was Tuesday (October 15), and the new fund comes with an expense ratio of 100 basis points. As of yesterday (October 16), the new ETF had $1.01 million in AUM.

Dziekanski PMs BTGD alongside Michael Venuto (co-founder and CIO of Tidal Investments) and Christopher Mllen (PM at Tidal). The strategy is designed to provide 100-percent exposure to both bitcoin and gold by using leverage to stack returns from a gold strategy onto returns from a bitcoin strategy. To do so, the fund will invest in U.S.-listed futures contracts and ETPs, without investing directly in digital assets (like bitcoin), gold, or gold bullion.

"We're thrilled to be bringinng this new fnd to market and are very excited to connect with advisors, institutions and others to educate them about the role stacked exposure to bitcoin and gold can play in a well-constructed, capital-efficient portfolio," Dziekanski states.

BTGD is a series of Tidal Trust II. The new ETF's other service providers include: ACA's Foreside Fund Services, LLC as distributor; Cohen & Compay, Ltd. as independent accounting firm; Sullivan & Worcester LLP as counsel; Tidal ETF Services LLC as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, sub-administrator, and transfer agent; and U.S. Bank National Association as custodian. 

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