Coinbase President and COO Asiff Hirji announced the new product on Tuesday during an appearance on CNBC’s “Fast Money.”
Hirji said that the Coinbase Index Fund — which will initially only be available to accredited investors — will hold market cap-weighted positions in the four cryptocurrencies currently listed on GDAX, the company’s order-book exchange — as well as any cryptoassets that are added to the platform in the future.
Full article: https://www.ccn.com/coinbase-launches-cryptocurrency-index-fund-and-yes-you-can-invest-with-bitcoin/