UTC-05:00,Friday , May 24th 2019

Coinbase Confirms Shutdown of Crypto Index Fund Product

10:51 Friday , October 12th 2018
First launched earlier this year, the institutional-investor focused index fund product of crypto exchange Coinbase will be formally closed by the end of the month, with customers instead directed to the recently-announced Coinbase Bundle product, said a spokesperson of the exchange.

The spokesperson said, "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."