Popular US cryptocurrency exchange Coinbase announced today the launch of its first ever index fund. Global Digital Asset Exchange (GDAX), which is owned by the San Francisco-based retail exchange, will provide to its accredited investors the option of buying the lot, all assets, weighted, into one financial product.

Coinbase Launches Index Fund

Bitcoin? Bitcoin cash? Ethereum? Litecoin? Why not all four! "We're seeing strong demand from our customers and the market generally for a passive investment management product…but we're finally seeing demand so that's why we're just launching now," Coinbase's Reuben Bramanathan explained to Reuters.

"We're excited to announce Coinbase Index Fund," the company announced. The 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."

GDAX is Coinbase's professionals-geared exchange, allowing for more traditional stock-like choices such as market, limit, stop, and margin orders. Coinbase proper, on the other hand, serves more than 13 million retail customers who've often claimed it to have been their first foray into crypto, buying and selling. Currently four digital assets are listed and paired, Bitcoin core, Ethereum, Bitcoin cash, and Litecoin. It remains the biggest crypto company on the globe, and is valued at over one and half billion dollars.