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RE: Coinbase Exchange Announces Index Fund for Investors
Other than creating more demand for the coins, I don’t see the benefit here . If you have $10,000 you can do the same thing by opening a coinbase account and buying $6200 in BTC, $2700 in ETH, $700 in bitcoin cash and $400 in LTC and you wouldnt need to pay them 2% per year....and you pay it whether the fund performance is either positive or negative. What am I missing???
Spot on. Cryptocurrencies will always be better in your own hands... but some “accredited investors” with money to throw around like this sort of thing, it makes them think it’s legit for some reason haha