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eToro Launches Thematic Portfolio to Offer Exposure to Crypto Market

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eToro Launches Thematic Portfolio to Offer Exposure to Crypto Market

Major social investment network eToro has launched BitcoinWorldWide, a thematic portfolio based on the companies in the BTC’s value chain. Although the portfolio does involve some exposure to BTC, the main focus is the companies working to encourage more adoption.

“As it crosses into mainstream awareness, BTC is increasingly in the spotlight” says Dani Brinker, the Head of Portfolio Investments at eToro. “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 BTC than you might think.”

The portfolio consists of a BTC allocation and companies like Paypal, Nvidia, Canaan, and Coinbase. eToro takes care to not include companies that — although are bullish on BTC — lack business units that involve the cryptocurrency. Instead, eToro only includes companies that operate within BTC’s value chain.

BitcoinWorldWide is among the 40 thematic CopyPortfolios available on the eToro platform. The users in eToro can invest in BitcoinWorldWide for as low as $1,000 without management fees. Miscellaneous costs, such as spread and conversion fees (if the user does not deposit in USD), are still chargeable.

The post eToro Launches Thematic Portfolio to Offer Exposure to Crypto Market appeared first on SuperCryptoNews.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
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