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I'd avoid this. Coinbase knows the time and price of potential crypto entrants, and this fact can be manipulated to make the fund the bag-holder for shitcoin pu
by ThrustVectoring 9y ago
I'd avoid this. Coinbase knows the time and price of potential crypto entrants, and this fact can be manipulated to make the fund the bag-holder for shitcoin pump-and-dumps.
Like, a fundamental thing about market-cap weighted index funds is that they buy a fixed percentage of a security in the index, regardless of price. If the fund has 1/100k of the market cap of all the coins listed on Coinbase, you can buy 1/100k of any coin and offload it at whatever price you can manipulate it to at the date it enters the index.
- beaner 9y agoThat seems unlikely given GDAX has publicly released it's criteria for listing new assets. https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.gdax.com/static/digital-asset-framework-2017-11.pdf&ved=2ahUKEwi89vuD-9jZAhUj6YMKHUYiDOIQFjAAegQIBRAB&usg=AOvVaw2rgeXVkdN62gvvzv3y81gH https://www.google.com/url?sa=t&source=web&rct=j&url=https:/...