Leading Australia micro-investing app now offers bitcoin exposure. Raiz (formerly Acorns) has added a bitcoin investment option. Individual investors can now round up their spare change and regularly invest in a bitcoin investment portfolio.
The new portfolio, called Sapphire, took 18 months to develop. According to Raiz, its investment objective “is to provide exposure to bitcoin in a managed, risk-adjusted way,”.
Raiz CEO George Lucas shared “Although this latest portfolio offering from Raiz is very high risk, feedback from many customers has clearly shown that they have an appetite for an investment strategy that has an exposure to cryptocurrencies.”
Raiz will trade and store bitcoin with Gemini, a U.S based cryptocurrency exchange and custodian founded by the Winklevoss twins.