Today, Coinbase announced a new index fund:
Coinbase Index Fund will give investors exposure to all digital assets listed on Coinbase’s exchange, GDAX, weighted by market capitalization. If a new asset is listed on the exchange, it will be automatically added to the fund.
I think this is a good move on their part and I’ve been impressed with other features they’ve recently launched like the Coinbase Commerce.
Even though the prices of BTC are down from its crazy run at the end of last year I still have a bullish outlook on it. I think in ten years everything crypto will either be huge or it’ll all come down in a fiery crash, but with so much money being invested into it I’m not certain the latter will happen.