eToro has formed a strategic partnership with 21Shares, a leading issuer of Crypto exchange-traded products (ETPs), to introduce an innovative investment solution tailored for Cryptocurrency enthusiasts. This new offering, dubbed the 21Shares-Flows portfolio, employs a sophisticated data-driven approach to Crypto investing.
The portfolio dynamically adjusts its allocation across different Crypto assets based on market sentiment, utilizing insights gleaned from analyzing monthly inflows into European Crypto ETPs. For example, if there are substantial inflows into Bitcoin ETPs, the portfolio automatically increases its allocation to Bitcoin accordingly.
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This collaboration aims to enhance the Crypto investment experience for users of eToro’s Smart Portfolios, which offer exposure to a diverse range of financial instruments. With a minimum initial investment of USD $500, investors gain access to a suite of tools and charts to monitor the performance of their portfolios. However, it’s important to note that these services are not available to traders based in the United States.
Beyond this partnership, eToro is actively pursuing authorization to operate in Singapore, as part of its strategic expansion into the Southeast Asian market. Recent reports indicate that the company has submitted an application to obtain a license from the Monetary Authority of Singapore.
Despite its Israeli headquarters, eToro boasts a global presence with regulatory registrations in key jurisdictions such as the United Kingdom and the United Arab Emirates. While the company’s expansion initiatives are met with enthusiasm, they also face regulatory hurdles, including recent advisories from authorities such as the Philippines’ Securities and Exchange Commission.
