Betterment, the largest roboadvising service in the US, has just expanded its range of investment strategies for digital assets.
According to the press release, the new tools will be available to retail clients and investment advisors.
The lineup will include four products: universal, which includes a diversified basket of cryptocurrencies across the industry spectrum, sustainable, which includes digital assets, environmentally friendly network transactions, metaverse, which includes cryptocurrencies associated with projects to create virtual worlds and new approaches to digital commerce, including real estate, gaming, entertainment and DeFi, which are the native assets of decentralized financial protocols.
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Betterment CEO Sarah Levy has said:
"We are excited to introduce a crypto product that helps to simplify this emerging asset class. Expert-built portfolios, coupled with educational content, will guide interested Betterment customers into digital assets. Our aim is to be a trusted partner to our customers and empower them to make crypto a part of their long term investing strategy."
The company has recommended limiting its stake to 5% of total capital.