Cryptocurrency Trading Fund Launched At Coinbase

  • on February 2, 2021

Coinbase have announced that they think to offering a fund for cryptocurrency trading in addition to the opportunities to merchandise cryptocurrencies directly on their exchange. The San Francisco-based currency telephone exchange launched its Coinbase Index Fund on Tuesday March six 2018 and its entry into the assets management field agency it is highly probable to position itself inwards financial services or banking inwards the non as well distant future.

Coinbase Index Fund

The index fund will invest into the cryptocurrencies currently invested on Coinbase via the GDAX telephone exchange, including Bitcoin, Ethereum, Litecoin in addition to Bitcoin Cash. In the initial stages, the index fund will only be available to investors accredited inwards the United States or those with incomes inwards excess of $200,000 or amongst $i meg net worth. Coinbase does, notwithstanding, promise to launch an ETF on like lines which will live open up to whatsoever investors.

Reuben Bramanathan is the production lead for the Coinbase Index Fund too he stated that: “We are working towards funds that volition be available to all retail investors. We’re expecting huge involve from retail when that’s available together with nosotros desire to live inwards a place to take that demand“.

$x,000 Initial Deposit

He did pass up to turn over anticipated dates for when the retail fund is probable to be available as well as when the Coinbase Index Fund is officially probable to starting time trading. Coinbase are currently accepting applications for the Index Fund. Investors involve to make a minimum deposit of $x,000. The Index Fund will accept cryptocurrency holdings weighted according to market caps in addition to if the Index had been available inwards the past 12 months, it would take achieved returns of 995%.

Cryptocurrency index funds are too currently available from Grayscale Investments, which was the master copy pioneer of an index fund for Bitcoin tracking, just now offers a more diversified production which invests inwards the 4 coins inwards the Coinbase exchange and also Ripple XRP. In December 2017 the HOLD ten Index Fund was launched by Bitwise Asset Management and investments also include Monero, Stellar and Dash. Currently, notwithstanding, none of these products are available to retail investors every bit the SEC is withholding blessing, pending concerns regarding price manipulation together with safety.


Fortune – Coinbase Crypto Fund

Telegraph – Coinbase Offers Index Fund


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