eToro launches crypto currency fund

By Moriah Costa on Tuesday 11 July 2017

Alternative Lending

Investors now have access to the top crypto currencies in the world.

Global investing and social network eToro has launched a crypto copyfund, giving its investors access to follow funds with exposure to various crypto currencies.

The fund includes exposure to six of the most popular crypto currencies: Bitcoin, Ethereum, DASH, LiteCoin, Ripple and Ethereum Classic.

“This CopyFund is the first of its kind globally providing investors access to the world’s biggest digital currencies in one innovative portfolio,” said Yoni Assia, co-founder and CEO of eToro. “ For those who believe in the technology’s potential, this is an opportunity to invest in a straightforward and simple way.”

eToro gives users the opportunity to invest in predetermined market strategies that are analysed and rebalanced one a month by the firm’s investment committee.

Additionally, the firm offers its users the opportunity to copy the investment strategies of top experts in markets, such as cryptocurrency. Some of its experienced users have returned 171 per cent in the last year, and is copied by over $2m (£1.5m) on the platform.

Around a dozen other copyfunds are also available, with a minimum investment of $5,000 (£3,870).

The network of over 6m users offers investment products in contracts for differences (CFDs) in currencies, stocks, commodities, indices and exchange traded funds.

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