The largest American cryptocurrency company Coinbase announced the launch of an index fund, focused on accredited investors.
According to representatives of Coinbase, there is a "huge interest" in the cryptocurrency among investors who can invest in new assets from $ 250,000 to $ 20 million.
Coinbase Index Fund gives investors exposure to all assets listed on our exchange, weighted by market capitalization. As we announced yesterday, the fund will be rebalanced to include Ethereum Classic, and more assets when they are listed by Coinbase in the future.
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.
Product Lead, Coinbase Asset Management
On 12th of June, Coinbase announced support for the Ethereum Classic cryptocurrency. Support includes the addition of an asset to the CoinbasePro exchange (GDAX), the Coinbase Custody service, and the inclusion in the new index fund.