Australian Micro-investing Platform, Raiz Plans to Allocate Investments to Bitcoin

A micro-investing platform based in Australia, Raiz Invest, has launched its seventh investment portfolio, that will allow the customers to gain exposure to Bitcoin, which skyrocketed in price since December. Basically, the investment platform will allocate a small portion of its clients’ funds on the new portfolio to the cryptocurrency. Raiz mentioned that the customers had highly requested the new offering, despite that investment in digital currencies are deemed to be risky.

Raiz will Allocate 5% of Sapphire Funds to Bitcoin

The new investment portfolio dubbed “Sapphire” has been under development for the past 18 months, according to the company. Investors that choose Sapphire will have five percent of their capital allocated to Bitcoin, while the remaining funds will be distributed to other investible instruments like large-cap stocks, including the Australian corporate debt and money markets. Raiz will allocate the funds to these investment options through exchange-traded funds (ETFs).

In accordance to George Lucas, the CEO of Raiz, the suggested minimum investment timeframe for the crypto investment is over five years.

“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, and the Sapphire portfolio has been designed with this in mind,” Lucas said. “The investment objective of the Sapphire portfolio is to provide exposure to Bitcoin in a managed, risk-adjusted way.”

More Financial Advisers will Allocate to Bitcoin

Investments in cryptocurrency are becoming attractive to investors, and many financial advisors are looking to start allocating to crypto-assets. This is evident following a recent oversee (United States) survey, which showed that nearly 50 percent of financial advisors allocated to Bitcoin last year – out of almost 1,000 advisors surveyed. Some of the respondents don’t recommend allocating to the cryptocurrency. However, a good number of them said they would do so this year.