Close
  • Loading ticker data...
Coin Prices →
Blockchain News

Coinbase officially launches brand new index fund for large investors

Coinbase has announced the launch of a new index fund which will be targeting large investors with minimum investments of $250,000 USD and will be offering a variety of different tokens.

Written by Rebecca Leighton Published on

Mega-cryptocurrency exchange Coinbase has officially released its new index which is the company’s latest product targeted to large investors.

Rueben Bramanathan, the man leading the project, announced that the new fund is “open for investment“, saying that the investments can range from a minimum of $250,000 USD to maximum $20 million USD.

Bramanathan said in the announcement that they have “seen overwhelming interest from investors since [they] announced the fund earlier this year” and seems excited at the prospect of the new product.

Currently only open to US investors, Bramanathan has explained that the fund will offer features such as the exposure to any asset currently listed on the exchange and will be valued by market capitalization. He also explained that the fund will also be including Ethereum Classic, as announced yesterday, and will incorporate any future assets listed on the exchange.

Hoping to offer the fund to other international investors in the near future, Bramanathan also said that they are “working on launching more funds which are accessible to all investors and cover a broader range of digital assets”.

We don’t know quite what those ranges are yet, but we’re sure we’ll find out when the time is right and the assets are ripe.

Start trading cryptocurrency with Coindirect.

Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton