Cryptocurrencies
Coinbase Offers Index Fund Tracking Cryptocurrencies on Exchange
- Only U.S. accredited investors are eligible to buy in
- Firm is developing other funds geared toward retail traders
Photographer: Michael Short/Bloomberg
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The top U.S. marketplace for buying and selling digital coins is offering investors another way to get in on the cryptocurrency craze.
Coinbase Inc. said Tuesday that it’s rolling out the Coinbase Index Fund. The investment vehicle will track the performance of the four tokens that currently trade on the San Francisco-based company’s GDAX exchange to provide customers an easier way to gain wider exposure to the estimated $450 billion market.