eToro launches new product for Crypto Investors,Sentiment-based portfolio
eToro, a crypto investment platform has announced the launch of a new product for crypto investors that will provide access to a sentiment-based portfolio.
The press release has it that eToro is launching TheTIE-LongOnly crypto portfolio for investors, which resulted from a collaboration with the algorithm-driven firm TheTie. The new portfolio uses “highly advanced natural language processing tools” to determine market sentiment towards crypto-assets.
The value of digital assets is driven by supply and demand, and movement is determined by the wisdom of the crowd.
US managing director of eToro, Guy Hirsch, said the portfolio’s release will give retail investors access to more powerful tools,
In traditional markets, retail investors have historically lagged behind the ‘smart money’ when it comes to the data and tools available to them. This puts individual investors at a major disadvantage. In the spirit of crypto and decentralized technology, we believe that offering institutional-grade tools to every investor will level the playing field and democratize investing.