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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 Bitcoin’s value chain. Although the portfolio does involve some exposure to Bitcoin, the main focus is the companies working to encourage more adoption.

“As it crosses into mainstream awareness, bitcoin 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 bitcoin than you might think.”

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

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© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

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