In March, cryptocurrency exchange Coinbase announced it would be launching an index fund for cryptocurrencies, allowing investors to effortlessly buy a basket of coins traded on Coinbase’s exchange GDAX, recently rebranded to Coinbase Pro.
Now, the fund is officially open for U.S. accredited investors who wish to invest from $250,000 to $20 million.
In a blog post published Tuesday, Coinbase’s Asset Management Product Lead Reuben Bramanathan wrote that the company has seen “overwhelming interest from investors” since the original announcement. Read more…
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