MicroStrategy squeezed out again? eToro introduces "Bitcoin Value Chain" stock investment portfolio, with TSMC, Visa, PayPal all on the list

Investment platform eToro, amidst the hot stock market, is seizing the opportunity in the cryptocurrency industry. On the 26th, they announced the launch of "BitcoinWorldWide," which includes a range of stocks related to cryptocurrencies.

eToro Bitcoin Value Chain

The investment portfolio named "BitcoinWorldWide" is referred to by eToro as the Bitcoin Value Chain. According to their press release, although Bitcoin holds a significant portion in this portfolio, eToro emphasizes that the core of this portfolio is to support Bitcoin adoption, leading to the emergence of enterprises offering related products and services.

In addition to Bitcoin, some of the more well-known enterprises included are:

• VISA
• Intel
• TSMC
• Square
• Coinbase
• ING Group
• CME Group
• The Bank of New York Mellon
• Signature Bank
• Riot Blockchain

With Bitcoin included, there are a total of 27 projects in this portfolio. According to historical data, the portfolio yielded a return of 494% in 2017 and is currently at 44% year-to-date. Investments are now open with a minimum investment of $1,000.

MicroStrategy Excluded

Dani Brinker, the portfolio manager at eToro, stated that as Bitcoin becomes mainstream and gains more attention, the most significant change is not in its price, but in the enterprises building a value chain around Bitcoin, including mining, semiconductor, payment processors, exchanges, and custodial institutions. The value of Bitcoin goes beyond imagination.

However, eToro excluded companies that specifically bet on Bitcoin but do not engage in related business activities. For example, MicroStrategy did not appear in the portfolio, as the Bitcoin on MicroStrategy's balance sheet is the only link to the crypto industry. Dani Brinker explained:

Our goal is to provide retail investors with a convenient way to invest in enterprises that promote Bitcoin adoption and introduce services and products related to it. This is a way to invest in Bitcoin more broadly, diversifying beyond Bitcoin while also having the potential for growth in the crypto industry.

Brokerage platforms like eToro and Robinhood are actively expanding into the cryptocurrency business, while FTX and Binance are also trying to tap into the traditional stock market. Binance launched Tesla stock tokens on the 12th and has since listed stock tokens for Coinbase, MicroStrategy, Microsoft, and Apple this week.