This is interesting news a day or two after it was announced that Coinbase was being sued for insider trading.

I guess they are moving into the realm of Goldman Sachs and JPMorgan quicker than we think. Ultimately, when there is so much money on the line, I guess people cannot help but to behave in an unethical way.

As for the index fund itself, it could be a great idea. The challenge is the SEC already shot the idea down and issued 4 criteria that needed answering. The big one that I remember is who holds the keys and what do they do with them. When you have an Index fund, is it in Coinbases hands or another entity.

Of course, this puts it at greater risk of hacking if they are all in one honeypot.