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Bitcoin exchange Coinbase launches the Dow Jones of cryptocurrencies

Popular online exchange Coinbase is releasing a weighted index fund for cryptocurrencies.

“It’s a very simple to use, easy way to get exposure to the crypto-assets that we offer on our exchange,” Coinbase President and COO Asiff Hirji told CNBC’s “Fast Money” Tuesday.

The Coinbase Index Fund will give accredited U.S. investors exposure to all assets listed on the company’s current exchange, GDAX. The currencies will be weighted based on market capitalization.