Coinbase Index Fund Reduces Annual Fee to ‘Attract Institutional Investors’

Cryptocurrency market and wallet supplier Coinbase has announced upgrades to its own Index Fund at a blog article published now, August 13.

The U.S.-established platform said It Will reduce its own Index Fund’s Yearly management fee “for all new and existing investors” from 2 to 1 per cent, describing:-LRB-******************)

Today’s statement also has news the Index Fund was rebalanced to integrate Ethereum Classic (ETC), after the altcoin’s official record Coinbase last week.

Coinbase had announced intends to add ETC on its own stage as early as mid-June of the season.

Coinbase first launched its own Index Fund in mid-June using four big cryptocurrencies. The finance is available to investments from U.S. resident licensed investors only — people that have a net worth of greater than $1 mln or an yearly salary of greater than $200,000 — that invest between $250,000 and $20 mln.

Original post first appeared in https://cointelegraph.com/news/coinbase-index-fund-reduces-annual-fee-to-attract-institutional-investors

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