Will acorns be able to invest in crypto?

In the latest sign of the continuing adoption of the nascent asset class, Acorns will soon allow users to invest in crypto within diversified portfolios, Kerner said. Investing and savings app Acorns has hired a former Amazon executive and fintech CEO to lead day-to-day operations ahead of the start-up’s debut as a public company, CNBC has learned.

How can acorns help you invest in Bitcoin?

With Acorns, for example, you can choose to allocate up to 5% of your portfolio in a Bitcoin-linked ETF. Instead of investing directly in Bitcoin, it invests in Bitcoin futures. This gives you some exposure to Bitcoin by investing in its potential value, without actually having to own a piece of the cryptocurrency itself.

Should you invest in acorns?

Investing involves risk, including the loss of principal. This is not a recommendation to buy or sell a particular digital asset. Acorns provides access to BITO, a Bitcoin-linked ETF, which is considered a high-risk investment given the speculative and volatile nature.

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