"After assessing demand from retail, accredited and institutional investors, Coinbase has decided to shut down Coinbase Index Fund. We will focus on providing diversified exposure to all investors through Coinbase Bundle."
> We will focus on providing diversified exposure to all investors through Coinbase Bundle.
when bitcoin isn't falling fast enough, you can buy now four other shitcoins and watch losing your money at twice the bitcoin rate...
Without regulation there is an unlimited amount of new money that can come in, which is evidenced by Coinbase repackaging their index fund product into a worse version (it was already bad, but the rebalancing at least keeps dumb people from compounding the original mistake) and dumping it on average users
It sounds abrasive but it's true. An index fund is meant to spread and minimise risk. Firstly the fund does not have close to enough different assets in it to achieve that, secondly half the coins in there are controversial ones.