Coinbase has officially launched a brand new index fund product aimed at large investors. Announced on Wednesday in a blog article by the product leader Rueben Bramanathan, the Coinbase Index Fund is now open for investment with minimum required investment of $250, 000. The finance will give investors access to all the assets currently recorded On Coinbase, which at present include bitcoin, bitcoin money, ethereum, litecoin and ethereum classic. The assets will be deducted from their market capitalization, in accordance with the post. Further, more assets could be added if Coinbase lists them in a future date. Bramanathan wrote: We have seen overwhelming interest in investors because we declared the fund earlier this year.
At this stage, we’ve opened the finance to people who wish to spend $250, 000 to $20.” . The fund was initially announced in March. In Coinbase time noted that it’d offer exposure to all assets recorded on GDAX, and it’s presently being deprecated in favor of the company’s new Coinbase Guru service. On the other hand, the fund isn’t yet open to everybody – Bramanathan noted that, At this point, Coinbase Index Fund is only open to US residents licensed investors.” . Although he said that Coinbase is working on launch more funds that are accessible to all investors and cover a broader range of electronic assets, no timeline has been supplied. Coinbase application image via Pe3k / Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.