Circle Invest Launches Crypto Asset 'Collections' for Targeted Portfolios
Goldman Sachs-funded Circle Internet Financial Ltd. has launched a new feature for its crypto investment app Circle Invest dubbed “Collections.” The company has made the announcement in an official blog post published Oct. 4.
The feature gives customers the option to invest in one or more collections of crypto assets, each divided according to a particular theme: “Platforms, Payments, and Privacy.” The company presents the tool as a simplified way for investors to focus their portfolio on multiple coins, according to a specific functionality of their choice. After choosing a collection category, users can invest in the entire category in one swoop.
Today’s post outlines that the various crypto assets in each collection will be weighted according to their respective market caps. Circle’s Collections product will also provide educational content so that users can make informed choices about their investments.
According to the app’s official website, Circle Invest supports a wide range of coins, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Stellar (XLM), and EOS (EOS). Today’s post indicates that of these, BTC, BCH, XLM and LTC will be included as part of the new ‘Payments’ collection.