eToro Launches New Stock Portfolio BitcoinWorldWide

eToro​, the world’s leading social trading and Investment network, has introduced a brand-new stocks portfolio BitcoinWorldWide, which is based on companies creating value in the Bitcoin ecosystem. While it includes some exposure to bitcoin itself, the portfolio's core focus is the companies operating to support further adoption.

The portfolio includes companies such as Paypal, chip manufacturer Nvidia, mining hardware producer Canaan and newly public crypto exchange, Coinbase, as well as a bitcoin allocation.

eToro considers bitcoin's value chain to include companies operating in the mining, semiconductor, payments, exchange, custodianship and insurance spaces, as well as the asset itself. The company intentionally excluded organizations that are bullish on bitcoin but lack business units related to its activity. For example, MicroStrategy, will not feature in the portfolio as its treasury holdings are its only connection to bitcoin.

Commenting on the announcement, Dani Brinker, eToro's Head of Portfolio Investments 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.”

Dani Brinker further expains: “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.”

Fazzaco has reported on eToro confirming public listing via SPAC merger​ last month.