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The index is “weighted by market capitalization because it is the most objective overall measure of the financial performance of each of the constituent assets. Market capitalization represents the total value attributed to an asset by the digital asset market as a whole. It is the best available objective standard to compare the financial performance of digital assets,” notes Coinbase.
Bitcoin and ethereum combine for 88.64% of the index fund’s weight. The fund charges an annual management fee of 2%.
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