Coinbase Index Fund will give investors exposure to all digital assets listed on Coinbase’s exchange, GDAX, weighted by market capitalization. If a new asset is listed on the exchange, it will be automatically added to the fund.
Index funds have changed the way that many people think about investing. By providing diversified exposure to a broad range of assets, index funds enable investors to track the performance of an entire asset class, rather than having to select individual assets.
Very interesting... so it's basically like a Coinbase ETF? SOunds like a winner to me! (not that I'm a huge fan of Coinbase atm.. although, they do seem to be improving a few things as far as fees, service slowly but surely.. Thanks for the update!
It seems like they must be adding more currencies if this is the case. Do we really need an index fund that is limited to four different investment vehicles? It only makes sense if they're adding more.
That's true. Hopefully that's where it's going.