financemagnates.com
eToro, a leading social investment network, today announced that the company has launched BitcoinWorldWide, a brand-new stocks portfolio based on the companies creating value in the Bitcoin ecosystem.
According to the official announcement, the newly launched portfolio includes companies operating to support the adoption of the world’s largest cryptocurrency. eToro mentioned that the portfolio will have some exposure to Bitcoin as well.
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eToro highlighted that the company considers Bitcoin’s value chain to include firms operating in the mining, semiconductor, payments, exchange, custodianship, and insurance spaces. The multi-asset investment platform has intentionally excluded companies that are bullish on the world’s largest digital asset but lack core business units related to the value creation of Bitcoin.
Commenting on the latest announcement, Dani Brinker, Head of Portfolio Investments at eToro, said: “As it crosses into mainstream awareness, bitcoin is increasingly in the spotlight. New all-time highs might make headlines, but the most significant change surrounding the world’s largest crypto is not its price, but the companies building the value chain around it. From mining operations to chip manufacturers and those delivering services to support usage, payments, exchanges, and custody, there’s more to bitcoin than you might think.”
The newly launched stocks portfolio includes companies such as crypto mining hardware producer Canaan, chip manufacturer Nvidia, payments firm PayPal, and the public listed crypto exchange Coinbase.
Portfolio Diversification
eToro is planning to facilitate its clients in portfolio diversification through the newly launched product. The company also highlighted the growing popularity of Bitcoin. “Our aim is to provide retail investors with an easy way to get exposure to companies that deliver a service or product essential to the further adoption of bitcoin. It is a broader approach to bitcoin investing that offers a diversified investment, uncorrelated with the bitcoin itself, but maintains exposure to the growth potential of the crypto sector,” Brinker added.
eToro clients will be able to invest in BitcoinWorldWide with a minimum amount of $1,000.