Robo-Adviser Betterment Launches Customized Crypto Portfolios

Betterment LLC, the largest independent online financial adviser, is launching four thematic crypto investing portfolios for its retail and adviser customers. 

The product launch, scheduled for Wednesday, is the latest sign of mainstream acceptance of cryptocurrencies despite a $2 trillion wipeout in the crypto market since last November. Bank of New York Mellon Corp., the country’s oldest bank, said Tuesday that it would begin safeguarding clients’ cryptocurrencies.