Coinbase launches first U.S. futures index combining tech stocks and crypto ETFs, offering diversified exposure to both markets.
Coinbase has announced the launch of a new futures product called the Mag7 + Crypto Equity Index Futures, which will go live on September 22. This new offering is the first U.S.-listed futures product. This will combine the traditional tech stocks and crypto-related assets all into one index. It is designed to provide investors with an easy, efficient way to achieve exposure to both markets simultaneously.
Coinbase Launches Diversified Index with Stocks and Crypto ETFs
The new index has ten components. These include the seven largest U.S. technology companies, better known as the Magnificent 7, Coinbase’s own stock, and two spot crypto exchange-traded funds (ETFs) managed by BlackRock. These ETFs are Bitcoin and Ethereum-focused. Each of the ten elements will weigh ten percent in the index. This…
