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.
Updated May 9, 2023 at 3:18 a.m. UTC
- 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).
Read more: How eToro Got Ready to Go Public