I completely agree with you @cryptographic . This will bring cryptos one step close to mass adoption . The current minimum investment for Coinbase’s index fund is $10,000, so those most likely to invest in it are financially well-off people or corporations with a good bit of money to play around with. These people likely already invest in other assets, and now, Coinbase is offering them a lower-risk way to dabble in the crypto market.
Eventually, though, the rest of the population could join them. Coinbase says it plans to launch additional index funds that aren’t limited to just accredited investors, and these could have much lower minimums.
I'm sure the rest of the population will be able to join in with this kind of investment much sooner than we think. Like you say, we're one step closer to mass adoption!
Yeah people need trustable medium to invest . Many stay away from cryptos due to it's little complexity . But that will be overcome in near future .