Coinbase launches index fund, and yes, you can invest with crypto

The Coinbase crypto exchange platform launches a crypto index fund, and you can actually invest with Bitcoin.
Index Fund - Instead of selecting assets that portfolio managers would expect to "perform better than the market," index funds buy the index-specific shares, such as Standard & Poor's 500, for example.

Coinbase launches a crypto index fund

Chief Operating Officer, Asif Hirzie, shared information about the new product on the platform on Tuesday. Hardie said the Coinbase Index Fund, which would initially only be active for accredited investors. Investors will hold market capitalization positions in the four cryptos that are currently available in the GDAX. Available GDAX are Bitcoin, Ethereum, Bitcoin Cash and Litecoin. He added:

"I think investors will not want to choose specific winners or losers."

Invest with BTC, ETH, CTH, and LTC

At first glance, the Coinbase Fund looks similar to the Digital Large Cap Fund, which was opened by Grayscale Investments. But there are actually quite a few differences. At present, the two funds have small, but important, differences. The Grayscale Fund also includes the XRP coin, which is not yet added to the GDAX. Coinbase also said it plans to significantly expand the list of coins to be maintained on the GDAX platform. In addition, Coinbase allows investors to buy shares using the crypto available in the GDAX, while Grayscale investors are limited to the only currency. This could attract current investors to the crypto. Finally, the Coinbase Fund, which has a 2% annual management fee, is cheaper than the Grayscale Fund, which has an annual fee of 3%.

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