The top US marketplace for buying and selling digital coins is offering investors another way to get in on the cryptocurrency craze.. The website of Coinbase cryptocurrency exchange, which is rolling out an Index Fund to track the performance of four tokens
Coinbase Inc. said on Tuesday it was 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. “We are noticing people coming to the space for the first time, being excited about cryptocurrencies, but not knowing where to start, so we’re excited to give people the ability to get broad exposure to the entire asset class rather than having to select individual investments.” Reuben Bramanathan, a product manager at Coinbase, said, according to Bloomberg. “We’re seeing strong demand from institutional and high-net-worth individuals.”
