Coinbase introduces index fund for investing in cryptovalues

Coinbase's currency exchange and stock exchange boom announced this week that it will launch an index-based investment fund based on crypt valued. This move will enable investors who want to invest in crypt valued but are not overly prone to the risk of paying money into the fund and will still have Coinbase fund managers to invest in the four largest crypto valves to disperse investment risk.

The Coinbase Index Fund will also buy and sell crypt valued at their GDAX platform. For starters will invest funds according to the following model: 62% in bitcoin, 27% in ethereum, 7% in bitcoin cash, and 4% in litecoin. These shares will correlate with the market capitalization of a particular cryptovalute and will eventually change and adapt. Also, in the fund portfolio, new crypt valued by Coinbase will enter.

The fund will be intended primarily for large investors and institutional investors, as well as for those who are not sure which currency to invest - and have the expectation that the market of cryptoelectricity will generally grow. The Coinbase Index Fund should be launched in the coming months and will only be available to residents of the United States.