Coinbase to Launch Index Fund for Institutional Investors

Friends, this week we saw the announcement of the Coinbase Index Ventures Fund. There are two key elements of this funds which would appear to set it apart from most other Cryptocurrency and Blockchain vehicles. First – and consistent with our thesis here at the Cryptocurrency Academy – this fund will be geared toward medium-long term “investors” rather than shorter-term “traders”. And second, rather than offering a weighted baskets of Cryptocurrencies, this funds will invest in the ever-expanding number of technology and ecosystem firms which augment the buying and selling of individual currencies. The new fund will specifically invest in digital assets listed on Coinbase’s exchange, GDAX. Using our 1849 Gold Rush analogy this fund will focus on the picks, axes and equipment needs of the masses of prospectors rather than trying to isolate and invest in the small percentage of gold miners who actually struck in rich high in the Sierra Nevada Mountains. We like this approach and recommend taking a closer look. Share your assessment with us today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)