eToro Expands Product Offering with New Stocks Portfolio

eToro, a leading social investment network, today announced that the company has launched BitcoinWorldWide, a brand-new stocks portfolio based on companies creating value in the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term 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.

eToro highlighted that the company considers Bitcoin’s value chain to include firms operating in the mining, semiconductor, Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, 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. In addition, the company 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.