AFAIK, there is no such thing as an 'index fund' of startups. But even if there was, purchasing a L1 coin is similar to investing in a wide swath of coins, bec

AFAIK, there is no such thing as an 'index fund' of startups. But even if there was, purchasing a L1 coin is similar to investing in a wide swath of coins, because if the value of startups build on the coin increase in value, then there will be higher demand of that coin.