eToro and 21Shares Unite Towards New Crypto Portfolio

eToro, a trading platform, has successfully collaborated with 21 Shares, the Crypto Exchange Traded Products (ETPs) provider, to launch 21 Shares-Flow, a new crypto smart portfolio focused on a data-driven approach. 

The head of Investment portfolios, Dani Brinker, stated:

“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 capitalise on the growth potential of crypto assets in a structured and data-driven manner. We look forward to bringing 21 Shares’ industry-leading insights to our users.”

The innovative solution examines monthly inflows into European crypto ETPs and modifies its allocation to various crypto assets according to market sentiment. For example, the portfolio’s allocation to Bitcoin rises in response to large inflows into Bitcoin ETPs.

Improving investment in cryptocurrencies 

eToro’s Smart Portfolios and the 21Shares-Flows portfolio offer vulnerability to various financial instruments, The company stated that investors can access tools and charts to track the performance of the portfolio for a minimum initial investment of USD $5000. US traders, however, are not able to use the services.

📢We’ve partnered with @21Shares, the world’s largest issuer of crypto ETPs, to launch a new crypto Smart Portfolio

This 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

As a part of its ongoing efforts to increase its market share in Southeast Asia, eToro is actively looking for official permission to operate in Singapore. According to  Finance Magnates, the broker recently applied for a licence from the monetary authority of Singapore.

With regulatory registration in several countries, such as the United Kingdom and the United Arab Emirates, eToro maintains a global presence despite having its headquarters in Israel. Although there is enthusiasm for eToros expansion efforts, regulatory obstacles still exist. The Securities and Exchange Commission of the Philippines is one regulator that has recently issued advisories.

Also read: eToro Upgrades User Security with Advanced Biometric Verification: Onfido Selfie Motion