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eToro Launches Portfolio Of Bitcoin Proxy Stocks.

Trading platform eToro has launched a portfolio of Bitcoin [BTC, +5.76%] proxy stocks.

Besides carrying exposure to bitcoin itself, the portfolio embodies firms “in the value chain behind bitcoin” along with PayPal, Nvidia, Canaan, and Coinbase, consistent with an announcement earlier today on Monday.

Notably, it doesn’t carry stocks whose only link to cryptocurrency is a treasury allocation, like MicroStrategy or Tesla. [Square, which has both a bitcoin treasury allocation and allows BTC trading through its Cash App, is included within the portfolio.]

About a quarter of the “BitcoinWorldWide” portfolio is Bitcoin itself.

Each of the opposite stocks represents no over 3.33% of the entire portfolio.

The aim of eToro’s portfolio is to offer access to companies “that deliver a service or product essential to the further adoption of bitcoin,” consistent with Dani Brinker, eToro’s head of portfolio investments.

eToro could even be included in such a portfolio by virtue of its planned public listing via a merger with a SPAC [Special-Purpose Acquisition Company].

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