One of the worlds leading FX brokers just announced that it will be launching a new portfolio of stocks. eToro’s new line of stocks will be called BitcoinWorldWide. The portfolio will be heavily based on companies and organizations that create value in Bitcoin derivatives. In other words, firms that operate within the BTC ecosystem. As per the official announcement, the portfolio will include companies whose main goal is to support global Bitcoin adoption. The broker also hinted at the portfolio being exposed to Bitcoin, but in an undisclosed manner.
eToro disclosed that it counts BTC firms operating in the semiconductor, mining, payments, custodian, insurance, and exchanges industries as part of the total of the crypto coin’s value chain. Furthermore, the broker has excluded several companies that it thinks are preventing the development and growth of Bitcoin.
Most notably, the new portfolio includes notable stocks from companies such as Nvidia, PayPal, Coinbase, and even mining hardware producer Canaan.
The main purpose for this major new release by the brokerage is to increase the diversification of its clients’ portfolio. Moreover, eToro highlighted the popularity and importance of Bitcoin. Dani Brinker commented on Bitcoin as being in the spotlight:
“…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.”
Clients of eToro will be able to invest in the BitcoinWorldWide portfolio after an initial deposit of $1000 has been made.