Coinbase has formally launched a new index fund product aimed at large investors.
Announced Wednesday in a blog post by product lead Rueben Bramanathan, the Coinbase Index Fund is now “open for investments” with a minimum required investment of $250,000.
The fund will give investors access to all of the assets currently listed on Coinbase, which at present include bitcoin, bitcoin cash, ethereum, litecoin and now ethereum classic.
Bramanathan wrote:
“We’ve seen overwhelming interest from investors since we announced the fund earlier this year.
However, the fund is not yet open to everyone – Bramanathan noted that, “At this stage, Coinbase Index Fund is only open to US-resident accredited investors.”
The market has tumbled by over 5%, but this has not stopped the development of cryptocurrency products from moving forward. As Ethereum World News reported previously, the Coinbase Index Fund was launched in mid-June, opening its doors for accredited investors willing to allocate a minimum of $250,000 to up to $20 million to this fund.
Finance Coinbase has opened up its index fund for accredited US investors, giving them exposure to all cryptocurrencies listed on its exchange GDAX. Japan Confirms Entrance Into the Crypto Space Coinbase Index Fund Launched Coinbase, one of the largest cryptocurrency companies, announced on Tuesday, June 12, that Coinbase Index Fund is now open for investment.
Coinbase has opened up its index fund for accredited US investors, giving them exposure to all cryptocurrencies listed on its exchange GDAX. The company is now working on “launching more funds which are accessible to all investors and cover a broader range of digital assets.
Coinbase is now allowing accredited investors with deeper pockets the ability to utilize the Coinbase Index Fund, which offers exposure to every asset listed on the popular exchange. Greater Exposure The previously announced Coinbase Index Fund has officially opened for investments of $250,000 to $20M.
Калифорнийская криптобиржа Coinbase объявила об открытии индексного фонда для вложений в размере от $250 тысяч до $20 млн для американских инвесторов. Announcing: Coinbase Index Fund is open for investment.
Крупнейшая американская криптовалютная компания Coinbase объявила о запуске индексного фонда, ориентированного на аккредитованных инвесторов. Announcing: Coinbase Index Fund is open for investment.
Американская биржа Coinbase представила Coinbase Index Fund, который отныне открыт для инвестирования от $250 тысяч до $20 миллионов. Компания Coinbase анонсировала открытие индексного фонда, в свете возрастающего интереса к данному инструменту со стороны крупных инвесторов.
Крупнейшая американская криптовалютная компания Coinbase объявила о запуске индексного фонда, ориентированного на аккредитованных инвесторов. Announcing: Coinbase Index Fund is open for investment. https://t.
Coinbase has just announced that they will be finally launching their index fund, which will be composed of all crypto assets on Coinbase’s exchange services. Coinbase Index Fund Is A Go Back in March, the Coinbase Asset Management (Coinbase AM) team announced that the creation of the Coinbase Index Fund.
Litecoin fell 6% to come close to $90 on Wednesday, with LTC feeling the downside pressure as Bitcoin briefly dipped below $90,000 – again. The decline for BTC also saw Ethereum struggling to maintain a key support level, with its price dipping under $3,000.
Key Takeaways
What is the management fee for the Canary XRP ETF?
Canary’s XRP ETF charges a 0. 50% management fee, higher than Bitwise’s 0. 34%.
Who are the key partners supporting the ETF?
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Key Takeaways
What is the significance of rising transaction volumes?
Litecoin's all-time high on-chain volume, combined with whale accumulation, underlined conviction from Litecoin network users.
Litecoin celebrates processing 3M blocks that shows 14 years of stability, transparency, and trust that boosts confidence in fast digital payments and DeFi.
Key Takeaways
Why is Litecoin showing strength this cycle?
Litecoin is decoupling from the altcoin pack with +11.83% vs. BTC, boosted by whale accumulation and risk-off hedging.
Is the rally backedThe post Litecoin: THREE reasons LTC could lead Q4 altcoin gains appeared first on AMBCrypto.
Key takeaways
What altcoin ETFs are launching on the NYSE?
Solana, Litecoin, and Hedera ETFs are set to start trading.
How are these ETFs able to launch during the SEC shutdown?
New SEC “generThe post Solana, Litecoin, Hedera ETFs go live on NYSE - A first without SEC review! appeared first on AMBCrypto.
Key takeaways
What triggered Litecoin’s sharp 22% price drop?
A broader market crash caused LTC to fall from $134.40 to $84.79 before partially recovering.
Are traders optimistic about a potentThe post Litecoin down 22% - Could this crash take LTC to $76? appeared first on AMBCrypto.