Abra | Fractional Shares 📈

Join the waitlist (bumps me up the queue): http://www.abra.com/eq?kid=W7AQZ

Founder’s blog explains how this works:
https://www.abra.com/blog/abras-next-chapter/

Forbes article really comprehensive too:

Had no complaints using Abra to date (its a great cryptocurrency app) and I intend to use to this fractional share exposure feature as a stop gap up until real fractional shares are offered by Freetrade.
Sign up to the app:

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I look forward to seeing this launch. Pegging credible cryptocurrencies to anything has been a major challenge so far so I’ll be impressed to see them pull this off.

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Cheers to those who used my link so far

Learn more about Abra here:

Spotify podcast link (fascinating listen):
https://open.spotify.com/episode/5LUwV0q0EHhmK8YKNwzKvg?si=Qr0bvUfqSI-hjYTIqzeP4g

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Found an interesting talk about this:

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Enjoyed that! Great coverage; nice round up in a shorter time frame than the podcast :studio_microphone:

There also this more detailed technical talk:

Can’t wait to get financial market exposure through Bitcoin since no discount broker is in a hurry to offer their services in Romania.

Sounds like this truly is limitless exposure. They won’t even spy on you with KYC/AML. They also won’t be subject to PRIIPs regulations or Mifid.

Granted access yesterday :unlock:


Shares available:


ETFs available:




So long as you top up the app & withdraw via crypto. If a bank account is linked, then somewhere along the line AML/KYC is conducted if I remember correctly hearing/reading this somewhere.

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Little speculative update from my trial of the share feature. Exchanged 1.3 LTC for Google exposure on 01st May tried to catch Alphabet on the dip. Low and behold, not only is Google languishing but LTC has risen along with Bitcoin:

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I’ve just purchased fractions of the QQQ ETF without a KIID insight!

Is this legit as I’m a European retail investor?

Interested if anyone at Freetrade has a view on this? I know US ETFS were a big talking point a while back

Just to be clear you haven’t purchased real shares but essentially ‘synthetic exposure’ and yes, it’s legit as far as I’m aware. I suggest to read the blogs and listen to Founder of Abra’s podcasts, etc. Bitcoin is programmable money and they’re leveraging its technology to enable this.

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That’s gone be nice for Romania too! :slight_smile:

You have not purchased a fraction of an ETF. If you had, it would not be legit as you note.

Whether it is legit to market something as ‘investing in ETFs’, when in fact it is something else, that’s another question.

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