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Visa, ING Listed in eToro Stock Portfolio Tracking Bitcoin ‘Value Chain’

Visa, ING Listed in eToro Stock Portfolio Tracking Bitcoin ‘Value Chain’

Visa, ING Listed in eToro Stock Portfolio Tracking Bitcoin ‘Value Chain’

The portfolio of bitcoin and 26 companies includes PayPal, Nvidia, Canaan and Coinbase – but not MicroStrategy.

The portfolio of bitcoin and 26 companies includes PayPal, Nvidia, Canaan and Coinbase – but not MicroStrategy.

The portfolio of bitcoin and 26 companies includes PayPal, Nvidia, Canaan and Coinbase – but not MicroStrategy.

By Jamie Crawley
AccessTimeIconApr 26, 2021, 3:01 PM
Updated May 9, 2023, 3:18 AM
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Trading platform eToro has launched a portfolio of bitcoin proxy stocks.

  • Besides carrying exposure to bitcoin itself, the portfolio includes companies “in the value chain behind bitcoin” including PayPal, Nvidia, Canaan and Coinbase, according to an announcement Monday.
  • Notably, it does not carry stocks whose only link to crypto is a treasury allocation, such as MicroStrategy or Tesla. (Square, which has both a bitcoin treasury allocation and enables BTC trading through its Cash App, is included in the portfolio.)
  • About a quarter of the “BitcoinWorldWide” portfolio is bitcoin itself.
  • Each of the other stocks represents no more than 3.33% of the total portfolio.
  • The aim of eToro’s portfolio is to provide access to companies “that deliver a service or product essential to the further adoption of bitcoin,” according to Dani Brinker, eToro’s head of portfolio investments.
  • eToro could also be included in such a portfolio by virtue of its planned public listing via a merger with a special-purpose acquisition company (SPAC).

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