- eToro has collaborated with Sentifi to launch the SocialSentiment portfolio.
- Sentifi is an AI data provider that analyzes 500 speculative assets.
- eToro has secured a crypto license to provide digital assets services in New York.
The Israeli Socio Trading platform eToro has partnered with Sentifi to launch a social sentiment portfolio. According to the latest press release by the multi-asset platform, the new product will be named as ‘SocialSentiment’.
The portfolio will include fortune 500 companies based on their ESG performance and social media sentiment. Sentifi will provide the necessary AI data for the monthly rebalancing of the latest eToro portfolio. Users will be able to invest in the new portfolio via their existing eToro login.
With this portfolio, we aim to offer retail investors exposure to stocks that are being discussed in a positive light on social and digital channels, adding an extra layer of insights. We are looking forward to partnering with the Sentifi team, and working together to harness the power of social networks.Dani Brinker – Head of Investment Portfolios eToro
EToro Launches ESG-based Social Sentiment Portfolio
Sentifi is an AI-driven data provider that analyzes data by gathering collective intelligence for better investment decisions. It’s one of the pioneers in financial AI technology, and its tools track 50,000 speculative assets. eToro has joined forces with Sentify to get social media insights on top S&P 500 stocks.
The SocialSentiment portfolio will leverage the sentScore and ESG score provided by Sentify’s flagship tech. One of the AIFinTech 100 companies, Sentify, will submit this data by analyzing 2 million news and 50 million tweets.
The eToro SocialSentiment portfolio will include 10 S&P 500 stocks based on their monthly ESG score and SentScore. The platform users will be able to invest as low as $500 in the latest portfolio product.
eToro Bags Crypto License In New York
Apart from traditional financial assets like stocks, indices, commodities, etc., eToro also offers crypto services. Recently, the platform bagged a BitLicense to provide services in the state of New York. Another license of money transmitted was also obtained from the New York State Department of Financial Services (NYDFS).
The newly secured licenses will allow eToro NY LLC’s clients to invest in digital assets and options as well as access the other platform services. eToro CEO Yoni Assia called it a ‘key milestone’ in the company’s efforts to expand in the US. NYDFS has issued 33 BitLicenses so far int its efforts to regulate digital assets trading in its jurisdiction.