This is a great move by Coinbase to make "owning more crypto" easier for the average (accredited) investor. But 4 coins != the market. Like others, we've tried to maintain our own index of top cryptocurrencies, and experienced all the same repetitive issues of calculating asset shares, etc. So we created a tool to help ourselves, and hopefully others: https://thecoindexer.com . It takes an input portfolio (on CoinFYI…
Do you have any open APIs? I’m working on a portfolio application and would love to offer an integration like this.
This is a terrible deal. A 2% annual fee is a hedge-fund-esque fee. For 2% I'd expect an actively managed fund that gets in on ICO presales, carefully vets teams/technologies behind new coins and gets in early, has a strategy for hedging risk, etc. etc. Instead you get a passively managed fund with FOUR assets that are all tightly correlated with each other (they all crash at the same time), that is only rebalanced o…
But it's Coinbase, so many people will get excited to get screwed over.
I had the same problems with re-balancing my own portfolio and ended up creating a trading bot that automatically diversifies my investment portfolio across the top 20 coins by market cap (10% capped). It is heavily inspired by the crypto20 whitepaper. For anyone that is interested, you can find the project here: www.hodlbot.io I'm about 1-2 weeks from the MVP launch. Only the top 20 coins by market cap fund will be…
Sounds awesome. Can't wait for weeks, have signed up. One request: Could you lower the monthly fee for people like me who are from India like in the range of $1 to $5 per month. $15 is a large figure for Indian common citizens.
Would be great to see Purchasing Power Parity [0] more often in web applications which offer services and product for people around the world :)
This is a great move by Coinbase to make "owning more crypto" easier for the average (accredited) investor. But 4 coins != the market. Like others, we've tried to maintain our own index of top cryptocurrencies, and experienced all the same repetitive issues of calculating asset shares, etc. So we created a tool to help ourselves, and hopefully others: https://thecoindexer.com . It takes an input portfolio (on CoinFYI…
I have attempted to duplicate this index fund manually by purchasing the top 25 cryptocurrencies (market-cap weighted) over the past year or so. I'll say that it was hardly worth the enormous work involved, and these index funds cannot come soon enough to non-accredited investors. In some cases it's not possible to do perfectly alone: NEO has a minimum unit of 1 coin, and so if you wanted it to not be overweighted, y…
I had the same problems with re-balancing my own portfolio and ended up creating a trading bot that automatically diversifies my investment portfolio across the top 20 coins by market cap (10% capped). It is heavily inspired by the crypto20 whitepaper. For anyone that is interested, you can find the project here: www.hodlbot.io I'm about 1-2 weeks from the MVP launch. Only the top 20 coins by market cap fund will be…
I have attempted to duplicate this index fund manually by purchasing the top 25 cryptocurrencies (market-cap weighted) over the past year or so. I'll say that it was hardly worth the enormous work involved, and these index funds cannot come soon enough to non-accredited investors. In some cases it's not possible to do perfectly alone: NEO has a minimum unit of 1 coin, and so if you wanted it to not be overweighted, y…
I had the same problems with re-balancing my own portfolio and ended up creating a trading bot that automatically diversifies my investment portfolio across the top 20 coins by market cap (10% capped). It is heavily inspired by the crypto20 whitepaper. For anyone that is interested, you can find the project here: www.hodlbot.io I'm about 1-2 weeks from the MVP launch. Only the top 20 coins by market cap fund will be…
The concept is quite interesting and I like what I see so far! Signed up and attempted to share with friends. The referral link does not seem to work.
I have attempted to duplicate this index fund manually by purchasing the top 25 cryptocurrencies (market-cap weighted) over the past year or so. I'll say that it was hardly worth the enormous work involved, and these index funds cannot come soon enough to non-accredited investors. In some cases it's not possible to do perfectly alone: NEO has a minimum unit of 1 coin, and so if you wanted it to not be overweighted, y…
I had the same problems with re-balancing my own portfolio and ended up creating a trading bot that automatically diversifies my investment portfolio across the top 20 coins by market cap (10% capped). It is heavily inspired by the crypto20 whitepaper. For anyone that is interested, you can find the project here: www.hodlbot.io I'm about 1-2 weeks from the MVP launch. Only the top 20 coins by market cap fund will be…
Sounds great. Given that in stock market investing you are better off on average with passively managed tracker funds, there does seem to be a big gap in the market for a crypto asset equivalent. Having a crypto equivalent of an ETF as single tokens representing e.g. CMC100 would bring a whole host of challenges, e.g. regulatory, security, ease of manipulation (it is relatively easy for whales to temporarily get coins into the CMC100), etc. In the spirit of crypto, a solution you run yourself, and where you manage the keys to all the coins yourself, should go some way to addressing those concerns. Maybe in the longer term this sort of thing will be a smart contract you run yourself on a decentralised exchange to make it more easier.