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RE: Coinbase to Introduce Index Fund
If they do open a fund like this, I would expect they will need to follow the financial rules for such investment types. Therefore they will need to have necessary capital, oversight, reporting, and assurances. I doubt they will enter into such an endeavor unprepared. Just a thought though.
I agree they will have all those things like that, the problem is its legal to run a loaded index fund and take a ton of money from the underlying asset. Also I think the problem comes with the grey areas of the fund like what happens if they add a new coin and it pumps? Is that market manipulation? Some would argue it is.