New Delhi: Vested Finance, an online investment platform for investing in US stocks, has launched three new pre-built portfolio offerings, Vest. These offerings are Bitcoin Vest, Third-Party Vest and DIY Vest.
According to the press release, Bitcoin West gives Indian investors an alternative way to invest in crypto assets without directly buying the cryptocurrency. Bitcoin Vest has been created using equity from various publicly traded companies that have exposure to bitcoin. It also has a smaller allocation to the ProShares Bitcoin Strategy ETF (BITO), a bitcoin futures ETF, according to a press release.
Third-party vests are portfolios created by outside analysts who have years of experience in the investment industry. These analysts can rebalance the vest when needed, and vested users can accept the latest rebalancing notification. According to the company, Vested is launching In West exclusively with a select few analysts, including the likes of Negen Capital and Wright Research.
DIY Vest users can create their own portfolio. Investors can also use these wastes as custom watchlists and rebalance them as and when required.
Commenting on the launch of these Vest offerings, Veeram Shah, Co-Founder and CEO, Vested Finance said, “We have Vest launches which have been researched and built in-house over two years ago. Since then, we have seen a lot of interest from users to invest in Vest. Hence, we have decided to give more waste to our customers and allow them to make their own waste. Additionally, Bitcoin West will allow Indian investors to invest in bitcoin without having to purchase any bitcoin and is a step towards adding more research and advice to third-party WestVest platforms.”
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