Coinbase is shutting down its fund aimed at big investors as it pivots to a new retail product

A person familiar with the matter said the index fund product failed to attract the necessary number of clients, raising less funds than the firm expected. At the time of launch, however, an executive at the firm told Bloomberg News that the company was “seeing strong demand from institutional and high-net-worth individuals.”

Original source
https://www.theblockcrypto.com/2018/10/11/coinbase-is-shutting-down-its-fund-aimed-at-big-investors-as-it-pivots-to-a-new-retail-product/

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