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Coinbase plans to launch a crypto index fund "Coinbase 500"

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2024-08-02 13:08:58
Coinbase CEO Brian Armstrong said in an earnings call with investors that Coinbase wants to create its own crypto index fund, the Coinbase 500. Brian Armstrong compared the Coinbase 500 to the market capitalization-weighted S & P 500 Index, which tracks the performance of the 500 largest companies listed on U.S. stock exchanges.
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