eToro, a leading financial asset trading company, has teamed up with 21Shares, the foremost issuer of cryptocurrency exchange-traded products (ETPs), to develop an intelligent investment portfolio.
In a statement on April 23rd, eToro announced that the recently introduced 21Shares-Flows would provide retail investors with additional tools using a forward-thinking method. The release detailed that this new portfolio would consist of cryptocurrencies and employ information from European crypto ETPs’ monthly inflows to make investment decisions.
“We’ve teamed up with @21Shares, the global leader in issuing crypto Exchange-Traded Products (ETPs), to introduce a fresh new Smart Portfolio. This portfolio includes 25 different tokens, selected based on monthly investment trends in European crypto ETPs for a well-researched and diverse investment strategy.”
At 21Shares, we aim to simplify and streamline cryptocurrency investing by using a data-driven strategy that ensures clarity and productivity.
Excitedly, we’re pleased to share the news of our collaboration with @eToro, an international pioneer in social trading and investment. This alliance marks the beginning of 21Shares-Flows, a collection of 25 carefully chosen tokens, comprising of well-known ones like Bitcoin and Ethereum, along with fresh additions such as Celestia.
Our shared vision is to make…
— 21Shares (@21Shares) April 23, 2024
Portfolio to Adjust to Market Dynamics
The 21Shares-Flow is made up of 25 different cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH). Its composition is adjusted every month based on market conditions. A straightforward approach is employed to allocate the proportions of these assets within the fund.
In simpler terms, this means calculating the total value of each asset at the end of every month and then dividing that amount by the overall market transactions during that period. This method, known as rebalancing, ensures that retail investors receive proportional allocations based on current market trends. If there are increased investments in Bitcoin or Ethereum Exchange-Traded Products (ETPs), for instance, their shares within the portfolio will be adjusted accordingly.
eToro Eyes New Inflows
Hany Rashwan, the CEO of 21Shares, mentioned that the two companies will utilize their specialized knowledge to enhance crypto investments through their Smart Portfolio with more sophisticated offerings.
The bitcoin price has hit a new record high of over $73,000 this year, driven in part by increasing institutional investment. Bitcoin ETFs and other similar financial products have seen significant inflows, fueling the surge in value.
Dani Brinker, the Head of Investment Portfolio at eToro, expressed optimism about the collaboration’s ability to enhance crypto investment. “With this portfolio, investors can seize the growth possibilities of cryptocurrencies in a systematic and data-driven way. We are thrilled to introduce 21Shares’ expert knowledge to our clientele.“
Binance Defies Regulatory Strain, Unveils Spot Copy Trading Feature
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BCH PREDICTION. BCH cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- Best Goomba Characters In Mario Games, Ranked
- SOL PREDICTION. SOL cryptocurrency
- USD RUB PREDICTION
- EUR MYR PREDICTION
- ZETA PREDICTION. ZETA cryptocurrency
- Destiny 2 Player Transforms Their Warlock Into Team Fortress 2’s Medic
2024-04-24 00:22