Coinbase has just announced it will launch a cryptocurrency index. This cryptocurrency index is being launched in conjunction with the creation of a Coinbase Index Fund. The cryptocurrency index is tied to the Coinbase Index fund.

The Coinbase Index fund will give investors exposure to all digital assets listed on Coinbase’s exchange, GDAX, weighted by market capitalization. If a new asset is listed on the exchange, it will be automatically added to the fund.

Index funds have changed the way that many people think about investing. By providing diversified exposure to a broad range of assets, index funds enable investors to track the performance of an entire asset class, rather than having to select individual assets.

We’re excited to see how this brings new customers to the market to invest in the potential of blockchain-based digital assets as a whole.

Coinbase has said that it is working on launching more funds which are available to all investors and cover a broader range of digital assets.

The Coinbase Index is a measure of the financial performance of all assets listed on GDAX, weighted by their market capitalization.

Currently, the Coinbase Index contains Bitcoin (62%), Ethereum (27%), Bitcoin Cash (7%) and LItecoin (4%).