On Wednesday, asset manager IDX filed for a combined Gold and Bitcoin ETF soon after the crypto mortgage approval by the U.S. Federal Housing Finance Agency (FHFA). Dubbed as the IDX Alternative FIAT ETF, the fund seeks to offer investors exposure to a blend of digital assets, putting a major focus on Bitcoin and Gold. Amid global market uncertainty, both asset classes have given strong returns in 2025, making them the best hedge against market volatility.
IDX Gold and Bitcoin ETF Takes Derivatives Exposure
The IDX Alternative FIAT ETF seeks to provide exposure to a blend of gold and digital assets, while focusing primarily on gold and Bitcoin. It employs a dynamic asset allocation strategy while offering balanced allocation between two assets, based on risk metrics like volatility and momentum. This announcement comes amid strong Bitcoin ETF inflows over the past two months, highlighting growing institutional participation.
Instead of gaining direct exposure to digital assets such as Bitcoin, Ether, Solana, or XRP, the fund primarily invests in futures and other financial instruments that provide direct or synthetic exposure to these core assets. Thus, IDX will rely on exchange-traded products (ETPs), futures, options, swaps, and other derivatives offering exposure to these assets.
As the SEC filing shows, the IDX Alternative FIAT ETF focuses on BTC and Gold, while capping the allocation to related assets like Ether, silver, gold mining equities, and blockchain infrastructure companies, etc. to 40%. IDX collectively refers to them as “Reference Assets”.
Under normal conditions, the fund aims to achieve 1.25x leveraged exposure, ensuring that at least 80% of its net assets are allocated to instruments tied to Bitcoin and gold. Demand for Bitcoin-backed fixed-income assets has also been gaining traction recently, as reported by Michael Saylor’s Strategy.
Bitcoin ETF Inflows Gain Traction
Inflows into spot Bitcoin ETFs have skyrocketed this week, with another $500 million in inflows recorded on Wednesday. The ETF market has maintained a remarkable momentum, with 12 consecutive days of net inflows totaling nearly $4 billion in new capital. Since its launch in January 2024, the category has now attracted close to $50 billion in total inflows.
Crypto Mortgage Becomes Reality In the US
On Wednesday, the U.S. Federal Housing Finance Agency (FHFA) issued a groundbreaking directive to consider cryptocurrencies, including Bitcoin, as part of mortgage asset evaluations. Under the new policy, cryptocurrency holdings on U.S.-regulated centralized exchanges can now be factored into a borrower’s reserve calculations without requiring conversion to U.S. dollars.
This marks a significant shift, as digital assets were previously excluded from mortgage risk assessments. By including Bitcoin and other cryptocurrencies, the FHFA aims to expand the range of assets considered in evaluating a borrower’s eligibility. Industry leaders like Michael Saylor and others appreciated this development.
