Coinbase has reportedly taken the decision to shut down its cryptocurrency index fund after lack of interest. An informant close to the matter told The Block the cryptocurrency exchange’s market-weighted index failed to attract enough interest from accredited investors. It appears the index did not perform as well as Coinbase forecast. The fund targeted at accredited investors required a minimum investment of $250,000. Coinbase recently turned its attention to more casual investors with its Coinbase Bundles. Similar to an index fund, but it is just a bundle of top cryptocurrencies of the day, investments start from as little as $25.…
This story continues at The Next Web
https://ift.tt/2OT4YQM Matthew Beedham October 12, 2018 at 09:00AM
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