Coinbase Launches an Index Fund

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.