Coinbase Index Fund (BTC, ETH, LTC & BCH) Open for Business — if you are a “large investor”

Source: https://blog.coinbase.com/coinbase-index-fund-is-open-for-investment-61217606f1ef

Coinbase announced that’s Index Funds is open for business....and only large investors at that.
The concept of the Index fund is like that of a Stock Index Fund where a manager assembles a portfolio of assets and you pay a single price and don’t worry about buying individual coins in this case.

You have to have $250,000 to invest in this fund so larger investors and institutional money will be parked here. So the coins in this fund are going to do well when big money flows to crypto. NOT INVESTMENT ADVICE in any of this blog — but I can see large money preferring this way (like the S&P 500 Index in stocks), people want exposure to cryptos and NOT manage the coins or what to buy. Bitcoin is weighted as 62% of the index so you understand why Bitcoin may rise.

Coinbase is only offering the coins they sell today and the fund will also be re-weighted to include Ethereum Classic soon.
But for today, the fund includes a % of Bitcoin, Ethereum, Litecoin Cash and Bitcoin Cash

And performance wise who can argue the 1 yr, 3yr returns on these assets. they have done very well and this what invesors will be shown.

Let’s not forget that the Coinbase app was #1 for awhile as a download — this place will be popular in the US.

Why they are including Ethereum Classic is a “head scratcher” — but they are. The only thing I can think of is they wanted to steer clear of the SEC’s opinion of ERC 20 tokens and their security ruling....just a guess.