Image: Egges in a basket

Coinbase to Launch its First Crypto Index Fund

Popular US cryptocurrency exchange Coinbase announced today the launch of its first ever index fund. Global Digital Asset Exchange (GDAX), which is owned by the San Francisco-based retail exchange, will provide to its accredited investors the option of buying the lot, all assets, weighted, into one financial product.

Also read: Québec Premier: We’re Not Really Interested in Bitcoin Mining

Coinbase Launches Index Fund

Bitcoin? Bitcoin cash? Ethereum? Litecoin? Why not all four! “We’re seeing strong demand from our customers and the market generally for a passive investment management product…but we’re finally seeing demand so that’s why we’re just launching now,” Coinbase’s Reuben Bramanathan explained to Reuters.

Read more