The American cryptocurrency company Coinbase announced the reduction of fees for managing the index fund - from two to one percent in annual terms.
According to representatives of Coinbase, the decision was made to attract investors investing in other index funds based on other classes of assets. This, according to the company, will help attract institutional money to the crypto industry.
Also it is noted that the index fund of Coinbase was rebalanced to list the Ethereum Classic. In addition, the company said that they will supplement the fund with new assets (currently there are only five of them).
The Coinbase index fund gives accredited investors from the United States the opportunity to invest in the most liquid crypto assets weighted by their market capitalization. The minimum investment in the fund is $ 250,000, the maximum allowable - $ 20 million.