The leading cryptocurrency company Coinbase, the US has confirmed earlier rumors this week rumors about the closing of the cryptocurrency index Fund for accredited investors. It is reported by CoinDesk.
The launch of the Coinbase Index Fund, which allows accredited US investors to work with all current and future assets in the stock exchange’s listing Coinbase Pro (ex-GDAX), was announced in March of this year, and enjoys the work he began in June.
Rumors about the closure of the Fund came earlier this week, and now a company representative has confirmed that he will officially cease to exist until the end of the month. Customers will be redirected to the recently announced product called Coinbase Bundle.
“Assessing the level of demand from retail, accredited and institutional investors, Coinbase took the decision to close the Coinbase Index Fund. We will focus on providing diversified services to all investors through Coinbase Bundle”, — said the representative of the Californian company.
Unlike the index Fund Coinbase Bundle is open to all users and does not require accreditation. The minimum investment is only $25, while in the Coinbase Index Fund, the threshold has been set at $250 000.
At the moment, the service Coinbase Bundle allows you to invest in five cryptocurrencies: bitcoin, Cash Bitcoin, Ethereum, Ethereum Classic and Litecoin. Thus, the share of each currency in the portfolio of the user is formed in accordance with the proportion of these assets on the market.
Also, in the future probably occur in the portfolio of the token 0x (ZRX), added to the exchange Coinbase Pro was announced yesterday.