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Coinbase launches an index fund for accredited investors

The largest American Crypto Currency company Coinbase announced the launch of an index fund, focused on accredited investors.

According to representatives of Coinbase, there is a “huge interest” in the crypto currency among investors who can invest in new assets from $ 250,000 to $ 20 million.

“The Coinbase Index Fund gives investors access to all the assets represented on our exchange and weighted by market capitalization,” the company said in a  blog post . “In the future, the fund will be rebalanced to include Ethereum Classic and other assets that will be supported by Coinbase.”

Representatives of the company also noted that work is currently under way on funds that will include a richer range of different crypto currency assets and, at the same time, they will be oriented to a wide range of investors.

Recall, yesterday, June 12, Coinbase  announced  support for the crypto currency Ethereum Classic.Support includes the addition of an asset to the CoinbasePro exchange (GDAX), the Coinbase Custody service, and the inclusion in the new index fund.

The post Coinbase launches an index fund for accredited investors appeared first on Geek News Technology.



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Coinbase launches an index fund for accredited investors

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