Coinbase news disappoints Ripple investors

Ripple investors were left disappointed last night when Coinbase announced it had launched a weighted index fund, which the exchange hoped would open up cryptocurrency investing to a wider audience. There had been speculation that the announcement would be that Ripple was to list on Coinbase. However, after trading to as high as $1.08 in the days leading up to the index-fund news. Ripple slumped by more than 20% and is trading at 83 cents, down 9.7% today.