Coinbase Index Fund
blog.coinbase.com
Coinbase Index Fund
1–10 of 346 posts
Re: Coinbase Index Fund
#2[deleted]
Re: Coinbase Index Fund
#3Interesting. The fund creates another potential source of revenue for them and at the same time, the more people that invest in it, the higher it's likely to go.
Why would anyone choose to invest in a fund that is basically the same as investing in the 4 currencies they currently support directly (without fees or limitations on trading)?
Re: Coinbase Index Fund
#4Mix it up with Vanguard and I ll move all my funds from Betterment to Coinbase.
Re: Coinbase Index Fund
#5Seems dishonest to not use a linear scale on this graph:
https://am.coinbase.com/index
Also, the minimum investment and management fee found here don't look too appealing:
Minimum Investment: $10,000
2% annual management fee
Re: Coinbase Index Fund
#6Interesting. The fund creates another potential source of revenue for them and at the same time, the more people that invest in it, the higher it's likely to go. Why would anyone choose to invest in a fund that is basically the same as investing in the 4 currencies they currently support directly (without fees or limitations on trading)?
Automatic and cheap balancing.
Its a great business for coinbase: if it had plenty of investors, then they have a very definite measure on what to ask coin makers before putting their coin on their exchange.
Figure they can ask 10% of the outstanding tokens in exchange for the legitimacy that will pump the coin sky high.
Re: Coinbase Index Fund
#7Mix it up with Vanguard and I ll move all my funds from Betterment to Coinbase.
What do you mean mix it up with vanguard?
Re: Coinbase Index Fund
#8That chart is log-scale. The index fell by more than half between December and February, but you wouldn't know it by glancing at the chart.
Re: Coinbase Index Fund
#9Seems dishonest to not use a linear scale on this graph: https://am.coinbase.com/index Also, the minimum investment and management fee found here don't look too appealing: Minimum Investment: $10,000 2% annual management fee https://am.coinbase.com/#invest
You forget it's automated. I think plenty of HNWIs are willing to pay 2% management fee to be able to invest in a diversified crypto index fund.
Re: Coinbase Index Fund
#102% fee is pretty high for an index fund.