eToro launches Crypto-currency CopyFund

eToro, the global trading and investing social network has announced the launch of a new cryptocurrencies investment CopyFund which will invest in the two largest cryptocurrencies, bitcoin and Ethereum.

First Published by e-Forex News: June, 2017

eToro launches Crypto-currency CopyFund

eToro, the global trading and investing social network has announced the launch of a new cryptocurrencies investment CopyFund which will invest in the two largest cryptocurrencies, bitcoin and Ethereum. The weighting of different assets in the Crypto-currency CopyFund will be determined by the market cap of individual cryptocurrencies. The new fund will be regularly analysed and automatically rebalanced once a month. Yoni Assia, Co-founder and CEO of eToro, said:  “We have been seeing 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.”