Coinbase’s Index Fund Available for Large Investors
June 15, 2018
Index fund of the US crypto exchange Coinbase is now available for large American investors, official blog of the exchange reports.
The exchange announced establishing Coinbase Index Fund (CBI) in March. The fund structure included all cryptocurrencies supported by the exchange: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). Later Ethereum Classic (ETC) was added to the list as was announced by Coinbase on June 11.
The fund is available for accredited investors with US citizenship. Financial criteria investors must comply with to get access to CBI are possesing capital of $1 million or yearly income of $200,000. Minimum investment level is $250,000, maximum one is $20 million.
Coinbase Index Fund will allow for investors to invest in several popular cryptocurrencies at once. The exchange plans to establish other funds in future for a wider range of citizens.