eToro, new opportunities on BTC with BitcoinWorldWide
2 min read
eToro offers a new BTC-related investment opportunity: the BitcoinWorldWide share portfolio. This is a thematic portfolio that brings together companies related to BTC, some because they are exposed to BTC, others because they support it directly or indirectly.
In the dedicated BTC portfolio launched by eToro, there are for example:
- PayPal, which recently opened up to buying and selling BTC and cryptocurrencies and using them as a means of payment;
- Nvidia, which produces chips needed for mining;
- Canaan, which produces hardware;
- Coinbase, which in addition to being a crypto exchange has recently been listed on the Nasdaq.
MicroStrategy is not here because, despite its exposure to BTC, the cryptocurrency is not part of its business.
Dani Brinker, Head of Portfolio Investments at eToro explains:
“As it crosses into mainstream awareness, BTC 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 BTC than you might think”.
eToro’s CopyPortfolio dedicated to BTC
BitcoinWorldWide is essentially one of eToro‘s CopyPortfolios dedicated to companies that are revolving around BTC. There is a minimum investment of $1,000 USD to access, to which no commission fees apply.
CopyPortfolios are investment tools offered by eToro. In this case, they offer investors the opportunity to expose themselves not to BTC, but to companies that revolve around it. Dani Brinker concludes in this regard:
“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 BTC. It is a broader approach to BTC investing that offers a diversified investment, uncorrelated with the BTC itself, but maintains exposure to the growth potential of the crypto sector”.
The post eToro, new opportunities on BTC with BitcoinWorldWide appeared first on The Cryptonomist.
