2% annual management fee is peanuts for coinbase. Thats not how they are going to make their money on this. Its clearly is about market information. If they we

2% annual management fee is peanuts for coinbase. Thats not how they are going to make their money on this. Its clearly is about market information. If they were to capture enough funds in the index, they can straight up manipulate the market to choose the coin they want to release: they can charge whatever they want for the next coin release upfront, no cost to them or to the coin seller. It truly is the era of the pump&dumps