Coinbase launches crypto index fund

posted 10 months ago
Crypto giant Coinbase announced that its cryptocurrency index fund, first revealed in March, is now open to investors in the US.

The company said in a blog post that it has seen “overwhelming” interest from investors, and now it is reaching out to those who want to invest between $250,000 and $20 million. For now, the company said, participation is limited to the U.S. and those who are accredited investors.

Coinbase Index Fund gives investors exposure to all assets listed on the exchange, weighted by market capitalization.

Coinbase did say that it is working to launch other funds that are “accessible to all investors and cover a broader range of digital assets” so, if you’re not an accredited U.S. investor, there might be opportunities for you depending on what comes next.
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