Coinbase has unveiled a new hybrid futures index that bundles major U.S. tech stocks, the exchange’s own shares and spot Bitcoin and Ethereum ETFs into a single tradable product.
The product, called Mag7 + Crypto Equity Index Futures, tracks seven “Magnificent 7” tech companies — Apple, Microsoft, Google, Amazon, Meta, Nvidia and Tesla — alongside Coinbase stock and BlackRock’s iShares Bitcoin Trust and iShares Ethereum Trust ETFs. Each component is equally weighted, meaning moves in Bitcoin or Ethereum can affect the index similarly to swings in a single tech name.
Coinbase said the index will be available through third-party partner platforms rather than immediately on its consumer app, and it is scheduled to launch on September 22.
The move highlights Coinbase’s continued push into derivatives — the company announced a $2.9 billion agreement to acquire options exchange Deribit in May — and follows the large institutional inflows to Bitcoin and Ethereum ETFs since their U.S. debut last year. By packaging crypto ETFs with blue-chip tech shares and Coinbase stock, the index aims to offer a single instrument for blended exposure to both crypto market trends and major tech growth stories.
Investors should note key risks: the product combines assets with very different volatility profiles and regulatory treatment, and U.S. crypto derivatives have faced prolonged regulatory uncertainty. Equal weighting does not eliminate underlying market risk. This article is informational and not investment advice.
Source: Decrypt. Read the original coverage for full details.
