Coinbase, major US-based crypto trading platform, inaugurated new index fund product targeting large investors.
According to the reports, the Coinbase Index Fund became available for investors on Wednesday. The minimal amount of investment has been set at $250,000.
"We’ve seen overwhelming interest from investors since we announced the fund earlier this year. At this stage, we have opened the fund to those who wish to invest $250,000 to $20M," stated Conbase product lead in the company blog.
This fund opens access to assets available on the exchange, including the leading coins, like Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Ethereum Classic. According to the available information, the company intends to keep expanding the list of the assets.
For reference, the first mentions about the fund were heard back in March. Specifically, Coinbase said that "it would offer exposure" to the assets from GDAX, rebranded into Coinbase Pro platform.
It is worth mentioning that for now, only US investors can use the fund. However, as added product lead in the blog, Coinbase is about to put on stream more funds to provide services for all investors and expand the list of the assets supported. Still, the dates when these plans are to be implemented, are unknown so far.