U.S.-based crypto wallet and exchange Index Fund is now open for large-scale investors, according to an official published yesterday, June 13.
The fund, whose , is available only to U.S. resident accredited investors – those who have a net worth of more than $1 mln or an annual salary of more than $200,000 – who invest between $250,000 and $20 mln.
The index includes (BTC), (ETH), (LTC), (BCH), as well as (ETC), whose addition to Coinbase was . Coinbase’s blog post notes that the fund will be rebalanced to include any future assets listed on Coinbase.
Coinbase’s Index Fund is part of the company’s recent move to target a more select group of high-stakes players and institutional investors. Last month, Coinbase aimed at institutional investors, focusing on reducing concerns of security and regulatory compliance that may be preventing such investors from entering the crypto space.
At the end of March, Coinbase had announced it on its exchange, while purposefully not revealing the names of any particular altcoins.
At the beginning of June, crypto exchange announced it was seeking 20 partners for the Also in June, crypto exchange (ETF), which is based on its of a crypto market index tracking the exchange’s top ten traded digital assets against stablecoin (USDT).
Published at Thu, 14 Jun 2018 10:37:39 +0000
