Coinbase launches index fund

Source: Coinbase

We’re excited to announce Coinbase Index Fund. 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. We’re excited to give our customers the ability to invest in the potential of blockchain-based digital assets as a whole.

At this stage, investing in Coinbase Index Fund will only be available to US-resident, accredited investors. We’re working on launching more funds which are available to all investors and cover a broader range of digital assets.

Sign up today for updates and early access to Coinbase Index Fund.

Today, we’re also introducing Coinbase Index.

Coinbase Index is a measure of the financial performance of all assets listed on GDAX, weighted by their market capitalization.

You can view the current and historical levels for Coinbase Index on our website. We are also releasing a detailed index construction and methodology document. 

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