The potential for this fund to motivation market manipulation is large: Given that the fund rebalances annually, all market manipulators need to do is 'paint t

The potential for this fund to motivation market manipulation is large: Given that the fund rebalances annually, all market manipulators need to do is 'paint the close' on the year, Coinbase is dictated by their terms to go in and buy up a bunch of the coins rebalance on that 'market cap' that had their close painted, and then the painted coins are dumped. I.e. eating up ask liquidity close to year end forces Coinbase to buy up that removed liquidity at a premium.