eToro Partners with Index Coop to Launch Crypto Smart Portfolio for Web3 Exposure

<p>eToro,
a trading and investing platform, has joined forces with Index Coop, a
decentralized autonomous organization (DAO), to introduce a crypto
Smart Portfolio designed to provide exposure to the emerging Web3 ecosystem. </p><p>eToro's Partnership Aims to
Redefine the Future of Investment</p><p>The
portfolio, aptly named 'Index-Coop', is strategically designed to encompass
four key sectors: Bitcoin, Ethereum, decentralized finance (DeFi), and the
Metaverse. Backed by the substantial support of Sequoia Capital, Index Coop has
solidified its position as a pioneer in the realm of on-chain structured
products within the burgeoning DeFi sector. </p><p>These
structured products encompass an array of financial instruments, such as yield
products, indices, derivatives, do-it-yourself portfolios, and automated
proprietary strategies, all built on the Ethereum blockchain.</p><p>“In
this era of rapid technological advancements, we see Web3 as a force that will
redefine the way that people live, invest, and transact. It is a rapidly
growing ecosystem set to reach a market size of USD 81.5 billion by 2030(1),”
explained Dani Brinker, the Head of Investment Portfolio at <a href="https://www.financemagnates.com/tag/etoro/">eToro</a>. “With this
partnership, we are excited to provide investors with another way to invest in
the Web3 revolution.”</p><p>eToro and Index Coop: Embracing
Web3, DeFi, and the Metaverse</p><p>The
Index-Coop portfolio will provide a balanced exposure to these four
essential sectors. It consists of Bitcoin (30%), Ethereum (30%), and a
diversified basket of assets mirroring the allocation of two prominent Index
Coop indices: the DeFi Pulse Index (30%) and the Metaverse Index (10%).</p><p>The
DeFi Pulse Index tracks a variety of decentralized applications, including
decentralized exchanges, money markets, synthetic assets, and staking. This
index encompasses tokens from notable projects such as Uniswap, Aave, and
Synthetix. </p><p>On
the other hand, the Metaverse Index captures the dynamic trends in
entertainment, social interactions, and business activities occurring within
virtual economies. It includes tokens from leading projects like Sandbox and
Decentraland.</p><p>The
weighting of each of the four constituents within the portfolio will be
adjusted based on their respective market capitalizations, with a maximum
allocation cap of 30% to promote diversification.</p><p>To
ensure the best possible alignment with the market dynamics, the Index-Coop
portfolio will undergo quarterly rebalancing, leveraging Index Coop's extensive
analysis and insights. </p><p>Smart
Portfolios, such as Index-Coop, offer investors an opportunity to explore
various market themes by bundling together multiple assets under a predefined
methodology. Employing a passive investment approach, these portfolios provide
long-term investment solutions with diversified exposure.</p><p>The
initial investment threshold for the Index-Coop portfolio begins at USD$500,
making it accessible to a wide range of investors. To monitor the portfolio's
performance, investors can leverage an array of tools and charts. Additionally,
eToro's social feed will keep them informed about the latest developments in
the ever-evolving <a href="https://www.financemagnates.com/tag/web3/">Web3</a>
sector.</p><p>The
collaboration between eToro and Index Coop exemplifies the growing interest and
commitment to Web3, <a href="https://www.financemagnates.com/tag/defi/">DeFi,</a>
and the Metaverse, as investors seek to capitalize on the transformative
potential of <a href="https://www.financemagnates.com/tag/blockchain-technology/">blockchain
technology</a> and virtual economies.</p>

This article was written by Tareq Sikder at www.financemagnates.com.