Coin Baser Divestors said it will introduce a new type of stock index futures contract later this month, offering investors exposure to both leading US technological stocks and cryptocurrency exchange traded funds (ETFS) in a single product.
The launch of 22. September, Mag7 + Crypto Equity Index Futures will be the first US-listed derivative contracts to combine traditional shares with digital assets, according to a blog post.
The move, the company said, marks expansion in addition to derivatives with a single assets for multiple assets offered to give investors thematic exposure to innovation and growth sectors.
The new index includes ten components that are weighted just at 10% each. It consists of the so-called “Magnificent 7” stock-apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla together with Coinbase’s own stock and two crypto-ETFs: Blackrocks Ishares Bitcoin Trust (Ibit) and ishares Ethereum Trust (Etha). Marketvector, known for its crypto and thematic indexes, will act as the official index provider.
Contracts will be monthly and cash -fought, each representing $ 1 multiplied by the index level. To an index value of $ 3,000, for example, the nominal value of a contract would be $ 3,000. The index will be rebalanced quarterly to restore equal emphasis on all components.
Coinbase framed the product as a way for investors to manage multi-activity risk more effectively, while getting exposure to both sides of the innovation economy-Silicon Valley Tech leaders and blockchain-native assets.
“The Equity Index Futures marks the next development of our product package and paves the way for a new era with multi-active derivatives,” the company said in its announcement.
The launch comes in the midst of growing investor appetite on crossover products that bridge traditional financing and crypto markets. Coinbase said it is planning to expand the availability of the contracts for retail users in the coming months, although they will initially act on partner platforms.
