Published On: Wed, Jun 13th, 2018

Coinbase Launches Index Fund For Investments Up To $20 Million

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Coinbase has just announced that they will be finally launching their index fund, which will be composed of all crypto assets on Coinbase’s exchange services.
Coinbase Index Fund Is A Go
Back in March, the Coinbase Asset Management (Coinbase AM) team announced that the creation of the Coinbase Index Fund. The community reaction was positive at first, with community members believing that this fund was going to draw in large amounts of institutional and retail investment.

Announcing: Coinbase Index Fund is open for investment. https://t.co/IVzeO4C6BK
— Coinbase (@coinbase) June 12, 2018

However, it became apparent that this fund would only be open to U.S. accredited investors, disappointing some consumers.
Reuben Bramanathan from Coinbase AM team has just announced that the fund will now begin accepting investments which range from $250,000 to $20 million. It is odd that they will not be supporting investments above the $20 million price range, but the fund may not be able to undertake copious investment amounts at the current time. 
As mentioned earlier, this 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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