Announcing: Coinbase Index Fund is open for investment. https://t.co/IVzeO4C6BK
— Coinbase (@coinbase) June 12, 2018
In the announcement, Coinbase briefly describes the type of exposure investors might expect from the Coinbase Index Fund, which leverages a simple market cap system of weighting and includes all assets listed on the Coinbase exchange.
Just yesterday, Coinbase unveiled that Ethereum Classic (ETC) would be the next cryptocurrency added to its trading platform and other various investment products. In the latest announcement, the company confirms that Ethereum Classic will be included in the new index fund after a rebalancing event.
The Coinbase Index fund, while a simplified diversification tool, is not available to all investors and is only open to US-resident accredited investors at this time. However, the company emphasizes that it is actively working on launching more funds with greater accessibility and market coverage.