Crypto investment products are more and more popular, eToro is no exception to the rule and is launching a new investment product for its clients interested in the Bitcoin and cryptocurrency sector.
BitcoinWorldWide is a new portfolio of shares of Bitcoin-related companies which will therefore allow clients of the famous copy trading platform to invest in company shares creating value in the Bitcoin ecosystem.
The adoption of BTC and cryptocurrencies is also happening with banks and brokerage firms that increasingly offer investment products focused on Bitcoin and crypto-assets.
The bank JPMorgan should thus launch a Bitcoin fund this summer, according to the revelations of certain sources familiar with the matter.
eToro has long been active in Bitcoin and cryptocurrency trading, it also has the advantage of offering classic investment products, such as this new “basket of shares” which will include companies such as crypto-mining hardware producer Canaan, chipmaker, Nvidia, the payment company PayPal and the listed crypto exchange, Coinbase.
Note that MicroStrategy is not in this equity portfolio because his cash holdings are his only connection to bitcoin, says eToro.
Dani Brinker, Head of Portfolio Investments at eToro, said:
“As it becomes more aware, bitcoin is more and more in the spotlight.
New all-time highs could grab headlines, but the biggest change regarding the world’s largest crypto is not its price, but the companies that are building the value chain around it. From mining operations to chipmakers and those who provide services to support use, payments, trades and custody, bitcoin is more than you think.
Our goal is to provide retail investors with an easy way to gain exposure to companies that provide a service or product essential to the subsequent adoption of bitcoin. It is a broader approach to investing in bitcoin that offers a diversified investment, uncorrelated to bitcoin itself, but that maintains exposure to the growth potential of the crypto sector.“
This type of investment product has the advantage of being able to diversify its investment through actions of innovative and ambitious companies linked to the Bitcoin and crypto ecosystem.
BitcoinWorldWide is one of the many thematic CopyPortfolios available on the eToro investment platform,
Users can invest in BitcoinWorldWide from $ 1000 with no handling fees, propagation and conversion fees (for those not depositing in USD) apply.