This is insane!
Unless you’ve been hiding under a rock, you already know how well cryptocurrency has been performing this year. There has been a crash here and there, but overall it’s been a super profitable year for those invested in cryptocurrency.
Bitcoin has been the major success story. But Ethereum has been a run away success as well as many of the other smaller coins.
The eToro CryptoFund Copyfund
CryptoFund is a copyfund by etoro. CopyFunds are just eToro’s branding of managed funds. They have been a pioneer in the cryptocurrency space, and were the first to offer a fund of crypto assets. eToro is the largest social trading platform with over 4 million traders and they’ve been around for many years. But it’s only been during the last year that they’ve really gone hard into cryptocurrency.
The CryptoFund is made up of a number of popular cryptocurrencies. They are:
- XRP (ripple)
- Ethereum Classic
The copyfund offers what I think are three really great advantages over just buying a bunch of coins yourself:
- Invest across a bunch of coins in one go – In just one investment you get exposure to a whole host of very different cryptocurrencies.
- Rebalancing – eToro automatically rebalances the portfolio every month. Basically this means they keep the % of each coin in the fund at around the same level. This helps keep the fund on track and maximizes performance while reducing risk. This is something that would be difficult to do on your own without financial experience.
- Invest using Fiat Currency – many exchanges only accept Bitcoin or other cryptos. eToro is a fully regulated broker, so you have the confidence that they won’t just up and close over night and you can buy into the fund using a myriad of different payment options.
The CryptoFund Performance
Over the past 12 months – the CryptoFund has seen a 100% return. That’s incredible! All I can say is I wish I had gotten in at the beginning.
The good news is that many of the coins in the fund have potential huge upsides and even Bitcoin is set for a boost when it starts trading on CME later this year. I’m not one of the people who says Bitcoin will reach $1 million a coin. But I still think we’re in the early days of Cryptocurrency.
So if you believe the future will feature Cryptocurrency and will break into the mainstream – then you should look at Cryptofund. It’s a good way to get exposure to the market, and if you had invested 12 months ago, you would have doubled your money by now which is just insane!