O'Leary's Beanstox App Now Offers Bitcoin ETF Investing
Shark Tank's Kevin O'Leary adds Bitcoin and Gold ETFs to Beanstox, making crypto investing accessible with no wallets needed.
Kevin O'Leary's investing app, Beanstox, is now offering its users access to Bitcoin (IBIT) and gold (IAU) ETFs. This allows investors to gain exposure to these assets without the complexities of cryptocurrency wallets or physical storage.
Beanstox users can begin investing with as little as $20. The app already provides personalized ETF portfolios in stocks and bonds, expanding investment opportunities.
Key Takeaways
- Beanstox adds Bitcoin (IBIT) and Gold (IAU) ETFs.
- Minimum investment of $20, simplifying access.
- Eliminates the need for crypto wallets and storage.
The addition of these ETFs allows clients to include Bitcoin and gold in their investment mix. Beanstox offers automated investment features for long-term growth.
O'Leary stated his personal portfolio holds over 10% in Bitcoin and crypto-related assets, and approximately 5% in gold. He highlights the diversification benefits of including these assets.
Beanstox CEO Connor O'Brien emphasizes that Bitcoin and gold can behave differently than traditional assets during inflationary or uncertain times, making them alternative diversifiers. The company aims to simplify this for clients, eliminating the need for specialized knowledge.
Beanstox Premium subscribers can access the iShares Bitcoin Trust (IBIT) and iShares Gold Trust (IAU) without trading commissions or fees.
Investment Considerations
As always, investors should consider their risk tolerance and investment timeline before making allocation decisions. Bitcoin remains a volatile asset despite increasing institutional adoption.
This article is for informational purposes only and should not be considered investment advice. Always consult with a qualified financial advisor.
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