Crypto exchange and wallet Coinbase announced the creation of the Coinbase Index Fund and Coinbase Index in a Medium position yesterday, March 6th.

The Coinbase Index Fund, whose "digital asset basket" includes all four pieces of GDAX – Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) – is open to all accredited investors residing in the United States – defined by those with a net worth of more than $ 1 million or an annual salary of over $ 200,000.

There will be 2 It takes a minimum of $ 10,000 to invest in the index fund of four coins

The Coinbase Index will track the performance of the four GDAX coins according to the current increases in the supply of each asset, " not only the price of each asset.

As Cointelegraph reported last fall, the The problem of diversifying a cryptocurrency wallet is the fact that most of the altcoins follow the trend that Bitcoin has defined.As a result, when the price of Bitcoin falls, the prices of the altcoins tend to see a similar drop, which which implies that diversification to other parts offers little market coverage.

Coinbase recently made headlines when they informed about 13,000 of their clients. a mandatory business figure of their donations Personal born at the Internal Revenue Service (IRS) following a partial lawsuit against the IRS's initial claim for each Coinbase customer's data.

Coinbase is also being sued in two new lawsuits filed in early March. The first is a class action alleging that Coinbase employees took advantage of the bargain that Coinbase would add BCH to its assets last December.

The second lawsuit alleges that Coinbase kept unclaimed coins by email rather than forwarding them to the state of California or informing the shippers of their unclaimed status.