The Coinbase Cryptocurrency Index is here
The Coinbase Cryptocurrency Index is here
Crypto

The Coinbase Cryptocurrency Index is here

By Fabio Lugano - 14 Jun 2018

Chevron down

Coinbase cryptocurrency index was launched in March,  based of course on the virtual currencies offered.

The Coinbase Cryptocurrency Index is here: Leggi qui l’articolo in Italiano

Now the San Francisco-based company announces the creation of an investment fund, called the Coinbase Index Fund, reserved for large investors, with a cut that starts from 250 thousand up to 20 million dollars.

It is a product that can be addressed both to private investors and to institutional operators, such as cryptocurrency investment funds or hedge funds.

Of course, the cryptocurrencies concerned are only those related to the Coinbase platform:

Currently, Ethereum Classic (ETC) is not supported, although a few days ago its introduction into the exchange was officially announced, causing a quadrupling of the volumes exchanged in 24 hours.

Therefore, the integration can be expected in a short period of time.

Only accredited investors in the United States are currently admitted, therefore either private residents or American financial operators.

All private investors must have assets of at least one million dollars, with incomes of at least 200 thousand dollars per year.

This will clearly limit the number of eligible investors but allows the offer to be reserved only for those operators who can accept the risk associated with a cryptocurrency investment.

The fund will be recalculated several times a year on the basis of the performance of the various cryptocurrencies and securities, their prices and growth prospects.

The managerial work will be paid for by an annual fee of 2%, based on the potential profits that can be generated by the fund.

Therefore, it is to be assumed that there will be a mechanism for multi-annual compensation of fees in case the target isn’t achieved.

Coinbase states that it plans to launch more funds in the future, on a wider range of cryptocurrencies, accessible to all investors, but has not given any precise time limit on the matter.

Fabio Lugano
Fabio Lugano

Graduated with honors from Bocconi University, Fabio is a consultant for companies and wounded shareholders of the Banche Venete. He is also the author of "Scenari Economici", and lecturer and analyst of cryptocurrencies since 2016.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.