Coinbase Index Fund

Coinbase Index Fund is index fund which allows investors to work with all present and future assets in listing of the GDAX exchange.

2018: Launching

The American cryptocurrency exchange Coinbase in March, 2018 announced start of index fund Coinbase Index Fund which displays financial dynamics of all assets on GDAX on the basis of their market capitalization. Thus, using fund investors will be able to trace indicators of a class of digital assets in general, without need to select some specific cryptocurrency.

Coinbase started index fund for cryptocurrencies. Picture: www.finder.com.au

In a portfolio of fund all digital assets available on GDAX, in the ratio are provided: bitcoin — 62%, Ethereum — 27%, Bitcoin Cash — 7%, Litecoin — 4%. In process of emergence on GDAX of new digital currencies rebalancing of a portfolio will be carried out.

The minimum amount of a deposit for participation in fund will be $10 thousand. The commission for management of means is equal to 2%, and the incentive commission is absent. Investors can enter the deposits both in US dollars, and to any of the cryptocurrencies provided in fund.

Deposits can monthly be entered, and money withdrawal — to be made quarterly, at the same time the period of restriction for money withdrawal is not provided. All investments made by investors will be stored on "cold" purses (without connection to the Internet).

As of the beginning of March, 2018, Coinbase accepts means only from the American accredited investors, however is going to lift this limit in the future.^[1]

Notes

You look also the Blockchain and cryptocurrency