Anthony Pompliano, a well-known Bitcoin investor and commentator, is reportedly working on a new slate of exchange-traded funds. CryptoBriefing reported the plans on August 13, describing two distinct product concepts under consideration.
The first is described as a thematic fund combining Bitcoin, gold and firearms-related holdings. Such a structure would pair a digital asset with a traditional store of value and a defense-adjacent equity sleeve. The pairing suggests an attempt to package assets often marketed as hedges against currency debasement or geopolitical instability into a single vehicle.
The second concept centers on so-called mNAV discounts. mNAV, or market net asset value, refers to how a company's share price compares to the value of the Bitcoin or other assets it holds on its balance sheet. Several publicly traded Bitcoin treasury companies have seen their share prices fall below the value of their underlying holdings this year. An ETF targeting this dynamic would theoretically let investors gain exposure to companies perceived as undervalued relative to their crypto reserves.
Neither concept has been formally filed with regulators, based on the information reported so far. CryptoBriefing's account represents the only detailed description of these plans currently available. As with any early-stage fund concept, details such as ticker names, expense ratios, custodial arrangements and launch timing remain unspecified.
Pompliano has been an outspoken advocate for Bitcoin adoption for years, running investment vehicles and media platforms focused on digital assets. He has also discussed the growing category of publicly traded companies that hold Bitcoin as a treasury asset, a strategy popularized by MicroStrategy and since adopted by a wider range of firms. The mNAV discount phenomenon has become a talking point among analysts tracking these companies, since a persistent gap between share price and asset value can signal either market skepticism or a buying opportunity, depending on interpretation.
Combining gold and Bitcoin in a single product is not new. Several issuers have already launched funds blending precious metals with digital assets, marketed as diversified inflation hedges. Adding a firearms or defense component would be a less conventional pairing, and it is not yet clear what companies or index methodology such a fund would use.
Given the early and unconfirmed nature of these reports, readers should treat the specifics as preliminary. Regulatory filings, if and when they appear, would offer a clearer picture of the fund structures, holdings and management involved.
Market Impact
If accurate, these fund concepts would extend a broader trend of packaging Bitcoin alongside traditional hedge assets for mainstream investors. Thematic ETFs blending crypto with gold have already found demand among investors seeking diversified inflation protection. A dedicated mNAV discount fund could draw attention to valuation gaps at Bitcoin treasury companies, potentially influencing how investors price those stocks relative to their crypto holdings.
However, because these plans are only reported at an early stage and have not been confirmed through regulatory filings, any market impact remains speculative for now. Investors should watch for official fund registrations or public statements from Pompliano's firm before drawing conclusions about product timing or structure.
The reported plans point to continued experimentation in packaging Bitcoin alongside traditional and unconventional assets. Confirmation through regulatory filings or a direct statement from Pompliano would be needed to clarify the scope and timeline of these proposed funds.
Frequently Asked Questions
What is an mNAV discount?
mNAV, or market net asset value, compares a company's stock price to the value of assets like Bitcoin held on its balance sheet. A discount occurs when the stock trades below that underlying asset value.
Has Anthony Pompliano confirmed these ETF plans?
The plans were reported by CryptoBriefing on August 13, 2026. There has been no independent confirmation from Pompliano or a regulatory filing detailing the funds at this time.
Are Bitcoin-and-gold ETFs already available to investors?
Yes, some issuers have launched funds combining gold and Bitcoin exposure as diversified hedge products. A fund also including firearms-related equities would be a less common structure.
Why would investors want exposure to mNAV discounts?
Some investors view companies trading below their Bitcoin holdings' value as potentially undervalued, offering a way to gain indirect crypto exposure at what appears to be a discount.