Coinbase Index Fund Now Open to Accredited US Investors
Leading US cryptocurrency exchange Coinbase has officially opened its crypto index fund for investments.
Announced earlier this year, Coinbase Index Fund will give investors exposure to all digital assets listed on GDAX exchange, weighted by market capitalization. The fund is initially open for investments of $250,000 to $20 Million.
Reuben Bramanathan, product lead at Coinbase Asset Management said in a blog post:
“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.”
The news comes just hours after the company announced that it will be adding Ethereum Classic (ETC) support to its trading platform. As reported earlier, the index fund will be composed of all the cryptocurrencies that are listed on Coinbase’s exchange services, including the upcoming addition of Ethereum Classic.
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