Coinbase announces cryptocurrency index fund

posted about 1 year ago
Coinbase announced they are launching an index fund backed by cryptocurrencies.

Coinbase Index Fund will give investors exposure to all digital assets listed on Coinbase’s exchange, GDAX, weighted by market capitalization. If a new asset is listed on the exchange, it will be automatically added to the fund.

The fund is for accredited investors and will be legally held by a separate entity, Coinbase Asset Management. At this stage, investing in Coinbase Index Fund will only be available to US-resident, accredited investors.
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