How does the coinbase index fund actually work? For instance if you invest say $10k, does coinbase purchase and hold the various cryptos on their books to match the $10k investment?
yes, it seems this way (at about 62:27:7:4 for btc:eth:bch:ltc ratio)
check am.coinbase.com
the weak point is rebalancing only once a year and withdrawing only once a quarter.
That’s just silly when you can do it yourself. Of course the real danger is BTC dominance goes to 80% and you keep shifting your portfolio balance into shitcoins.
Yeah, but maybe makes some sense to a $$ rich institution of a home office which want to allocate some money into crypto.
Not the worst scenario. Could help to stabilize the gyrations a little bit, but will probably also decrease the range of the upside moves.
where are the Winklevii up to with their fund? Still awaiting SEC approvals?
They are appealing a negative decision.
It actually sucks for them as they initially submitted the application in 2013.
I was certain that they would get it approved in 2014 or 2015, hence did not invest any $ in GBTC (in IRA).
Oh, well.
Personally, I think that they were treated unfairly.