- Coinbase is launching a new hybrid futures index in the U.S. that combines crypto assets and top tech stocks.
- The Mag7 + Crypto Equity Index Futures tracks seven major tech companies, Coinbase shares, and Bitcoin and Ethereum ETFs.
- Each component of the index carries equal weight to balance tech and crypto exposure.
- The index uses BlackRock’s iShares Bitcoin Trust and Ethereum Trust ETFs for tracking its crypto elements.
- The product will be available on partner trading platforms starting September 22, not initially through Coinbase‘s own app.
Coinbase will introduce a hybrid futures index in the United States called Mag7 + Crypto Equity Index Futures. The new futures product, set to launch September 22, will allow traders to gain exposure to both major technology stocks and leading cryptocurrencies through a single instrument.
The index is comprised of shares from the “Magnificent 7” tech companies—Apple, Microsoft, Google, Amazon, Meta, NVIDIA, and Tesla—along with Coinbase stock and BlackRock’s iShares Bitcoin Trust and iShares Ethereum Trust ETFs. Each component will have the same weighting, meaning price movements in any single asset will equally affect the overall index.
According to a blog post from Coinbase, this is the first time an index will blend both major U.S.-listed tech stocks and crypto ETFs. CEO Brian Armstrong announced the news and said it will be available to U.S. traders through partner platforms, rather than directly on the Coinbase app.
The new index incorporates BlackRock’s iShares Bitcoin Trust and iShares Ethereum Trust, which launched in the U.S. last year. These ETFs are designed to track the prices of Bitcoin and Ethereum and have attracted billions of dollars in investment since their debut.
The hybrid index comes as Coinbase increases its focus on derivatives, following a recent $2.9 billion agreement to acquire options exchange Deribit. In the broader industry, other crypto companies like Kraken and prediction market operator Polymarket have also moved into U.S.-regulated derivatives by acquiring related trading platforms.
Trading of crypto futures in the U.S. has faced regulatory uncertainty due to differences between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Despite this, crypto exchanges continue to develop new investment products aimed at providing easier access to both traditional equity and digital asset markets.
Coinbase shares were unchanged at $304.40 at last close and have risen 22% this year, according to Yahoo Finance. More details on trading the index will be released as its partner platforms prepare for the launch.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Lazarus Group Targets DeFi Firm with Trio of Advanced RAT Malware
- Trump Calls Emergency Meeting After Court Rules Tariffs Illegal
- Starknet Hit by Multiple Outages After Latest Grinta Upgrade
- Figure Targets $526M IPO Amid Surge in Blockchain Public Listings
- Shadow AI Threatens Data Privacy as Employees Bypass Controls
