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    Coinbase Index Fund Announces Its Open For Crypto Asset Investments

    On 12th June 2018, Coinbase, the popular cryptocurrency wallet, and exchange announced that its Index Fund is now open for investments of $250,000 to $20,000,000. Noticeably, whenever any crypto-asset is listed on Coinbase Markets, the Coinbase Index Fund will automatically rebalance so as to accommodate the newly-listed crypto-asset.

    In the announcement, Coinbase briefly describes the type of exposure investors might expect from the Coinbase Index Fund, which leverages a simple market cap system of weighting and includes all assets listed on the Coinbase exchange.

    Commenting further on what the Coinbase Index Fund will mean for the industry was Brian Armstrong (Co-Founder & CEO, Coinbase), who suggested that:

    Armstrong went on to highlight how the fund is much more financially feasible, too; undercutting the exorbitant 2–20 percent fees “charged by most crypto hedge funds.”

    The Coinbase Index fund, while a simplified diversification tool, is not available to all investors and is only open to US-resident accredited investors at this time. However, the company emphasizes that it is actively working on launching more funds with greater accessibility and market coverage.

    Coinbase first announced the new investment product back in March 2018. Since that time, a number of companies have released their own index funds, including popular Asian crypto exchanges Huobi and OKEx.

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    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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