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eToro Partners with 21Shares for Data-Driven Crypto Investment Portfolio

The trading and investment platform eToro has
partnered with 21Shares, the issuer of crypto exchange-traded products (ETPs),
to introduce a new investment portfolio that promises a data-driven approach to crypto
investing.

Data-Driven Approach to Crypto Investing

Dubbed the 21Shares-Flows, the new investment
portfolio holds real crypto assets and leverages insights from monthly inflows
for European crypto ETPs. It is segmented by underlying assets such as Bitcoin,
Ethereum, and various altcoins. According to the press release, the portfolio aims to align with emerging trends by tracking investor preferences and market sentiment.

Dani Brinker, the Head of Investment Portfolios at eToro, mentioned: "Our latest research shows that retail investors around the world are more likely to increase their allocation to crypto than any other asset class. This portfolio provides investors with a unique opportunity to capitalize on the growth potential of crypto assets in a structured and data-driven manner. We are looking forward to bringing 21Shares’ industry-leading insights to our users."

????We’ve partnered with @21Shares, the world’s largest issuer of crypto ETPs, to launch a new crypto Smart PortfolioThis portfolio holds 25 tokens allocated according to monthly flows into European crypto ETPs for a data-driven and diversified investing approach????Learn more????

— eToro (@eToro) April 23, 2024

The new offering adjusts its allocation to different
crypto assets based on market sentiment by analyzing monthly inflows into
European crypto ETPs.For instance, if Bitcoin ETPs experience significant
inflows, the allocation to Bitcoin within the portfolio increases accordingly.

Enhancing Crypto Investment

eToro's Smart Portfolios, including the 21Shares-Flows
portfolio, offer exposure to various financial instruments. With a minimum
initial investment of USD$500, investors can access tools and charts to track
the portfolio's performance, the company noted. However, the services are not available to US
traders.

Currently, eToro is actively seeking authorization to operate in
Singapore as part of its efforts to strengthen its presence in the Southeast Asian market. The broker recently submitted an application to obtain a license
from the Monetary Authority of Singapore, Finance Magnates reported.

Despite being headquartered in Israel, eToro has a global
presence with regulatory registrations in various jurisdictions, including the
United Kingdom and the United Arab Emirates. While eToro's expansion efforts
are met with enthusiasm, regulatory challenges persist. This includes recent
advisories from regulators, such as the Philippines' Securities and Exchange
Commission.



This article was written by Jared Kirui at www.financemagnates.com.