Coinbase launches Crypto Index Fund | Bitcointalksearch.org

o_e_l_e_o

legendary

Activity: 2268

Merit: 18706

Coinbase charge 2% for this service. There is absolutely nothing to stop you just buying and holding the same coins in the same proportion, and therefore achieve the exact same returns, without having to pay the fees. This will appeal only to the most newbie of investors.

Quote from: covfefe_ on June 13, 2018, 09:39:27 PM

It's justifiable for coinbase to favor ETC, which is a better coin than new tokens like Stellar, Cardano or IOTA.

The reason they chose ETC is because it was trivial for them to implement it since it is so closely related to ETH. The same was true of Bitcoin Trash. I wouldn't be surprised if Bitcoin Gold is next for them.

I wonder if there will be an insider trading scandal like last time?

CryptoAllDay

sr. member

Activity: 578

Merit: 250

This is great news, I'm wondering what type of returns we'd see investing in this for retirement rather than a stock plan or 401K. Sure it's going to be more volatile, but has such high potential.

covfefe_

full member

Activity: 946

Merit: 105

If I were coinbase, I'd increase the ETH percentage and keep the bitcoin holding at 50. Ripple too would have been a better addition.
And I would not miss EOS, that way you'll have the top 5 coins on the index.
It's justifiable for coinbase to favor ETC, which is a better coin than new tokens like Stellar, Cardano or IOTA.

Tipstar

sr. member

Activity: 1890

Merit: 300

Free City Individual

Coinbase has launched a Crypto Index Fund now limited to US investors. The fund would be utilized to buy and hold a number of cryptcoins and any profit made would be distributed to the investors. Coinbase plans to launch similar funds for worldwide investors soon.

P.S. ETC to be added which would change the ratio to some extent.

Topic: Coinbase launches Crypto Index Fund (Read 105 times)