TLDR
IDX files for ETF blending gold and Bitcoin using 1.25x leveraged strategy.
New ETF to allocate 80% to Bitcoin and gold via synthetic instruments.
FHFA approves crypto assets in mortgage reserves via Fannie Mae and Freddie Mac.
Bitcoin ETFs see $4B inflows over 12-day streak, fueling institutional demand.
IDX has filed for a new exchange-traded fund combining gold and Bitcoin exposure, just after the United States approved crypto-backed mortgages. This move places IDX among firms expanding crypto-related investment vehicles amid a rapidly evolving regulatory environment.
The fund, named the IDX Alternative FIAT ETF, was registered with the U.S. Securities and Exchange Commission (SEC) on Wednesday. Its launch closely follows the U.S. Federal Housing Finance Agency (FHFA) decision allowing cryptocurrencies like Bitcoin to be used in mortgage asset evaluations.
ETF Combines Gold and Bitcoin with Leveraged Strategy
The IDX Alternative FIAT ETF aims to offer combined exposure to Bitcoin and gold through a synthetic allocation strategy. According to the filing, the fund will not hold physical assets but will invest in futures, options, swaps, and other derivatives to track the performance of Bitcoin and gold.
The fund uses a dynamic model that shifts exposure between the two assets depending on volatility and momentum metrics. Under normal conditions, the ETF seeks to maintain 1.25x leveraged exposure, with at least 80% of its assets dedicated to Bitcoin and gold-related instruments.
The filing also states that other digital assets, such as Ether, Solana, and XRP, may be included in the broader portfolio but will not exceed 40% of total asset exposure. Additional holdings may include silver, gold mining stocks, and companies tied to blockchain infrastructure.
Crypto Mortgages Now Considered in U.S. Housing System
The ETF filing comes hours after a policy shift by the FHFA to allow cryptocurrencies in mortgage reserve evaluations. The agency’s director, William Pulte, confirmed on X that both Fannie Mae and Freddie Mac had been directed to consider digital assets as part of their mortgage processes.
“Today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for reserves,” Pulte posted.
Under the new directive, cryptocurrencies held on U.S.-regulated exchanges can be included in mortgage risk assessments without conversion to dollars. Borrowers will no longer need to liquidate their digital assets to qualify under standard asset requirements.
Until now, these assets were not accepted by mortgage agencies. The change as a result is part of a broader push to expand asset classifications for housing loans and bring them closer to modern financial practices.
Institutional Interest in Bitcoin ETFs Remains High
IDX’s announcement follows rising interest in crypto-backed ETFs across the financial sector. Recent weeks have seen a wave of inflows into spot Bitcoin ETFs, with $500 million recorded in a single day on Wednesday.
Overall, the Bitcoin ETF market has seen 12 consecutive days of net inflows, bringing nearly $4 billion in new capital. Since the product class launched in January 2024, total inflows have reached close to $50 billion.
Asset managers such as BlackRock, Fidelity, and Ark Invest have continued to expand offerings around digital assets, contributing to the growth in institutional demand. These developments are increasing the number of vehicles investors can use to gain indirect Bitcoin exposure through regulated markets.
IDX Expands ETF Offerings with Synthetic Exposure to Crypto and Gold
The IDX Alternative FIAT ETF will not purchase physical Bitcoin or bullion. Instead, it will use structured instruments that mimic price behavior to meet its exposure targets. This approach as a result offers flexibility for managing risk while tracking market momentum.
The fund as a result will use exchange-traded products, futures contracts, and swaps that reference Bitcoin and gold. IDX also groups other assets—such as Ether and gold mining companies—into a broader category called “Reference Assets,” which may be included with capped exposure.
This ETF is part of IDX’s larger strategy to offer alternative investment tools aligned with evolving asset trends and regulatory progress. The firm has yet to announce the ETF’s launch date or fee structure.
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