By establishing an index fund, Coinbase is giving these crypto supporters a chance to invest in digital currencies without all the hassle that goes along with choosing which individual cryptos they think will do best.
As Perianne Boring, president of the Chamber of Digital Commerce, told The Washington Post, “Coinbase’s new index fund is another example of the maturation of the cryptocurrency and blockchain ecosystem.”
The establishment of the Coinbase Index Fund puts us one step closer to that blockchain-supported future. If successful, the fund could mark the turning point between crypto’s infancy and its adolescence.
Definitely a maturing of crypto and one step closer.