Social trading network eToro has just announced the addition of four new cryptocurrencies to its recently launched investment instrument Crypto CopyFund. In addition to Bitcoin and Ethereum, the regularly analysed and automatically rebalanced portfolio now offers exposure to Dash, Litecoin, Ripple’s XRP and Ethereum Classic (ETC).
Yoni Assia, co-founder and CEO of eToro, commented:
“2017 has been a defining year for cryptocurrencies. The global market has now topped $100 billion and the last few months alone have seen an influx of new cryptos entering the space.
We believe that $100B is a milestone on the way to a Trillion USD market cap, and that a good strategy to capture this growth is by simply investing in the top billion dollar cryptocurrencies on a market cap weighted average.
As the popularity of the market grows, and more investors are learning about its potential, we want to ensure that our clients have as much access to it as possible. Investing in the top cryptocurrencies is an extremely complex process today, it requires technical, security and risk management knowledge to buy and hold these new digital assets, at eToro we are simplifying this process to a click of a button.
This CopyFund is the first of its kind globally providing investors access to the world’s biggest digital currencies in one innovative portfolio. For those who believe in the technology’s potential, this is an opportunity to invest in a straightforward and simple way.”