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New Index Fund for Large Investors is being launched by Coinbase
Editorial Team

One of the world’s largest cryptocurrency exchanges, Coinbase, has officially released its new index that is targeted to large investors.

Rueben Bramanathan, the leader of the project, announced that the new fund is “open for investment,” adding that the investments can range from a minimum of $250,000 to maximum $2 million.

In the announcement, Bramanathan said that they have “seen overwhelming interest from investors since [they] announced the fund earlier this year” and he seems enthusiastic for the development of the new product.

Even though the new fund is currently only open to US investors, he explained that it will offer features like exposure to any asset currently listed on the exchange and will be valued by market capitalization. The announcement wrote that the fund will also be including Ethereum Classic and it will incorporate any future assets listed on Coinbase.

Also, Bramanathan stated that they are “working on launching more funds which are accessible to all investors and cover a broader range of digital assets.”

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