Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Weāre excited to announce Coinbase IndexĀ Fund.
Coinbase Index Fund will give investors exposure to all digital assets listed on Coinbaseās exchange, GDAX, weighted by market capitalization. If a new asset is listed on the exchange, it will be automatically added to theĀ fund.
Index funds have changed the way that many people think about investing. By providing diversified exposure to a broad range of assets, index funds enable investors to track the performance of an entire asset class, rather than having to select individual assets. Weāre excited to give our customers the ability to invest in the potential of blockchain-based digital assets as aĀ whole.
At this stage, investing in Coinbase Index Fund will only be available to US-resident, accredited investors. Weāre working on launching more funds which are available to all investors and cover a broader range of digitalĀ assets.
Sign up today for updates and early access to Coinbase IndexĀ Fund.
Today, weāre also introducing CoinbaseĀ Index.
Coinbase Index is a measure of the financial performance of all assets listed on GDAX, weighted by their market capitalization.
You can view the current and historical levels for Coinbase Index on our website. We are also releasing a detailed index construction and methodology document.
If youāre passionate about cryptocurrency and building new things we are hiring in San Francisco, New York andĀ London.
Announcing Coinbase Index Fund was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.