August 14, 2018 287By Nathan Bentley
“We’re pleased to announce that we are reducing the annual management fee for Coinbase Index Fund from 2% to 1% for all new and existing investors. We’re reducing our fee in order to attract investors who are familiar with lower-fee index funds in other asset classes. This will help introduce a new category of institutional investors into the cryptocurrency space.”Moreover:
“Coinbase Index Fund gives investors exposure to all assets listed by Coinbase, weighted by market capitalization. At this stage, the fund is open to US residents who are accredited investors. The minimum investment is $250,000 and the maximum is $20 million.”Within this latest move, Ethereum Classic is also set to be added to the Coinbase Index fund, with the prospect of adding five new cryptocurrencies in the future too:
“Coinbase Index Fund has also been rebalanced to include Ethereum Classic, following its listing on Coinbase this week. All investors now have exposure to Ethereum Classic. The fund will continue to add new assets when they are listed on Coinbase. Coinbase is currently exploring five more assets for listing.”See more for yourself, here.