Coinbase confirms shutdown of crypto index fund

posted 3 days ago
Crypto exchange Coinbase is shutting down its institutional-investor focused index fund product. The Coinbase Index Fund – first launched earlier this year – will be formally closed by the end of the month, with customers instead directed to the recently-announced Coinbase Bundle product instead.

The Coinbase spokesperson said: "After assessing demand from retail, accredited and institutional investors, Coinbase has decided to shut down Coinbase Index Fund. We will focus on providing diversified exposure to all investors through Coinbase Bundle." Unlike the index fund, the bundle is open to all Coinbase customers, with no accreditation required. The minimum required investment is only $25 as well, compared to $250,000 for the fund.
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