We have previously reported that Coinbase is focusing on the introduction of a new index fund product that is designed for large investors. A blog post was released today announcing that the Coinbase Index Fund is ready to for investments for interested parties, however, minimum investment is not less than $250.000 according to the post.

The fund will let investors access all the currently listed assets, including BTC, BCH, ETH, LTC and the freshly added ETC with all of them weighted by market capitalization. Naturally the assets that will be listed in the platform in the near future will also be included. For now, only US based investors could cherish, but this might change in the near future according to the blog post:

“At this stage, Coinbase Index Fund is only open to US-resident accredited investors. We’re working on launching more funds which are accessible to all investors and cover a broader range of digital assets.”

Coinbase has been in the news lately, as besides the index fund it already had got attention when it announced that the rebranding of GDAX is around the corner, turning the platform to Coinbase Pro. Besides the rebranding, the firm also has acquired the Paradex token swap service and now is aiming for licenses to become the first regulated securities firm within the crypto scene.

Coinbase isn’t the only exchange recently who released an index fund as previously Huobi launched the Huobi 10 Index as well with a wider variety of Digital Assets.