US bitcoin exchange Coinbase launching Index Fund

The US-based bitcoin and crypto exchange Coinbase today announced the launching of the Coinbase Index Fund. The aim is to 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.

At the present time, investing in the Coinbase Index Fund is only available to US accredited investors. Coinbase said they are working on launching more funds which are available to all investors and cover a broader range of digital assets.

Those interested can invest using USD, BTC, ETH, BCH or LTC. The minimum investment size $10,000, and there will be a 2% annual management fee with no additional performance fee.

Coinbase Index Construction and Methodology

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Review and Oversight

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