Hehmeyer Trading CEO Christopher Hehmeyer discusses the launch of the first Cryptocurrency index fund.

Coinbase President announces their new index fund today on CNBC.

"Coinbase Index Fund will give investors exposure to all digital assets listed on Coinbase’s exchange, GDAX, weighted by market capitalization. If a new asset is listed on the exchange, it will be automatically added to the fund." Coinbase said on their blog.