Crypto startup Coinbase officially launches index fund for accredited investors in US

Crypto startup Coinbase officially launches index fund for accredited investors in US

Wednesday, June 13, 2018 8:53 AM UTC

Cryptocurrency exchange company Coinbase today opened its cryptocurrency index fund for investments.

Announced earlier this year, Coinbase Index Fund will give investors exposure to all digital assets listed on GDAX exchange, weighted by market capitalization. In an online post, Reuben Bramanathan, Product Lead, Coinbase Asset Management, stated:

“Coinbase Index Fund is now open for investments of $250,000 to $20M.

“At this stage, Coinbase Index Fund is only open to US-resident accredited investors. We’re working on launching more funds which are accessible to all investors and cover a broader range of digital assets.”

Coinbase recently announced its plans to support Ethereum Classic (ETC) on its platform. Bramanathan said that the fund will be rebalanced to include ETC and more assets as and when they are listed on Coinbase.