Coinbase might nix its cryptocurrency index fund because investors weren’t interested

Coinbase might nix its cryptocurrency index fund because investors weren’t interested

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.…

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