At eToro we are constantly striving to break new ground and bring you exciting trading and investing opportunities. So we are proud to announce the launch of our innovative new Cryptocurrency CopyFund, the first of its kind in the world.
eToro CopyFunds enable you to invest quickly and efficiently in pre-defined investment strategies. We do this by combining a selection of markets based on a similar theme – in this case cryptocurrencies – or by combining the strategies of some of the most successful traders on our global network.
Our new Cryptocurrency CopyFund gives you investment exposure to the two biggest digital currencies, Bitcoin and Ethereum. And we have plans to add more over the coming months, with the likes of XRP by Ripple Lab, Dash and Litecoin very much in our plans.
The weighting of the two crypto assets in the CopyFund will be determined by their market cap. The total market cap for all cryptocurrency markets has very notably hit the $100bn barrier recently, having started the year at just $11bn.
The Cryptocurrency CopyFund will be regularly analysed by the eToro team and automatically rebalanced once a month, making it easy for mainstream retail investors to invest in this fast-growing marketplace.
We also have dedicated markets for Bitcoin and Ethereum, so if you want to trade them separately via CFDs, you can do that too. Watch and learn from other cryptocurrency traders and copy their strategies, or create your own. One of our Popular Investors Jay Smith has, at the time of writing, returned 189% over the last 12 months.
Commenting on the CopyFund launch, Yoni Assia, co-founder and CEO of eToro, said: “We have seen an increasing number of our clients looking for a simpler way to access investments in cryptocurrencies – with a view to building a portfolio in the future. They were asking how to allocate their investments between the two largest cryptocurrencies that are traded on eToro, so we have launched an automatically rebalanced investment strategy to simplify their investments into this new exciting asset class.”
Cryptocurrencies can fluctuate widely in prices and are therefore not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.