Coinbase is shutting down its fund aimed at big investors as it pivots to a new retail product
Quick Take
- Coinbase is shutting down its index fund aimed at wealthy investors as it shifts its focus to a new retail product
- A person familiar with the situation said the fund failed to attract enough interest
- The firm is pivoting its focus to “Coinbase Bundle,” a recently announced product
Coinbase, the cryptocurrency exchange operator, is shutting down its index fund as it shifts attention to a new retail offering, a person with direct knowledge of the situation told The Block. The poster-child of the cryptocurrency market in the U.S., Coinbase in March announced its aspirations to launch a market-value-weighted index fund to offer accredited investors […]
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