Coinbase Index Fund LP

September 2018
Coinbase Index Fund LP

Secure, trusted exposure to cryptocurrency
The Fund
LOW FEE
Coinbase Index Fund LP (“the Fund”) provides professional
https://am.coinbase.com/#details
1% management fee
and institutional investors with secure, cost efficient exposure
Efficient cost structure
to cryptocurrency, a new asset class.
No performance fee
The Fund invests in a market cap-weighted portfolio of the

assets that are listed by Coinbase, the largest and most LIQUID
trusted cryptocurrency exchange in the United States. Monthly liquidity

No exit fees
Firm Overview
SECURE
Founded in 2012, Coinbase is a cryptocurrency company with Secured by Coinbase’s best-in-
more than 500 employees, holding $20B of digital currency on class institutional custody
behalf of more than 20 million customers. architecture
Coinbase owns and operates the largest US-based

cryptocurrency exchange, having facilitated over $150B of Index Composition
trading volume to date. Coinbase is based in San Francisco,
(As of September 1st, 2018)
with offices in New York, Chicago and London.
Coinbase Index
The Fund’s passive strategy is based on Coinbase Index, Bitcoin (BTC) 73.00%
which measures the overall performance of the
cryptocurrencies listed by Coinbase, weighted by maket Ethereum (ETH) 17.64%
capitalization. Whenever a new asset is listed by Coinbase, it
is also added to Coinbase Index and the Fund. Bitcoin Cash (BCH) 6.28%
Performance of Coinbase Index* Litecoin (LTC) 2.27%
(As of September 1st, 2018)

Since Ethereum Classic (ETC) 0.81%
1M 3M 1Y Jan 1, 2015
Coinbase Index* -11.84% -19.91% 16.78% 2,738.83%

The construction and methodology for
Bitcoin (BTC) -7.75% -6.64% 41.77% 2,111.19% Coinbase Index can be found at
am.coinbase.com/methodology
*Due to fees and tracking error, the Fund’s performance is likely to differ from Coinbase Index
am.coinbase.com
September 2018
Sales Fund Manager

Darren Day Chris Calvert Reuben Bramanathan
(858) 800-2485 (858) 877-9504 (415) 877-3325
[email protected] [email protected] [email protected]
Fund Details
INCEPTION May 1, 2018
MINIMUM INVESTMENT $250,000
FEES 1% Management Fee. No Performance Fee
SUBSCRIPTIONS Monthly
REDEMPTIONS Monthly (with 30 days notice)
LOCKUP None
INVESTOR QUALIFICATIONS Accredited Investors. US Residents only.
ENTITY TYPE Delaware Limited Partnership
Service Providers
FUND ADMINISTRATOR MG Stover & Co.
AUDITOR BDO USA, LLP
CUSTODIAN Coinbase, Inc.
LEGAL Davis Polk & Wardwell, Cole-Frieman & Mallon
This document does not constitute the provision of investment advice and is not an offer to sell or a solicitation of an offer to purchase interests in any fund or investment vehicle.
Offers and sales will be made only pursuant to the definitive documents of Coinbase Index Fund LP (the “Fund”), including a private placement memorandum and in accordance with
applicable securities laws. Before deciding to invest in the Fund, prospective investors should read the definitive documents of the applicable offering of the Fund and pay particular
attention to the risk factors and conflicts of interest contained in such definitive documents. Neither Coinbase nor any of its affiliates assumes any duty to update any information in
this presentation for subsequent changes of any kind. In addition, the descriptions herein, including the descriptions of the Fund, are in summary form, are incomplete and do not
include all the information necessary to evaluate an investment in the Fund.
The date of inception of the Fund is May 1, 2018. Due to the short duration of the Fund, only the performance data of Coinbase Index has been provided. Please contact the General
Partner of the Fund for actual performance data of the Fund. Further, there can be no assurance that the Fund will accurately track Coinbase Index or otherwise achieve its
investment objectives. The performance of the Coinbase Index does not include any of the fees and expenses charged to investors of the Fund. Trading fees, the Management Fee
and cryptocurrency supply inflation are will likely cause the Fund to underperform Coinbase Index over time. In considering any performance data of the Fund, Coinbase Index or the
underlying assets of the Fund, you should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that the Fund will achieve
comparable results.
Interests in the Fund will be sold only to Accredited Investors. Prospective investors will be required to provide proof that they meet Accredited Investor requirements. Interests will
be offered in reliance on an exemption from the registration requirements of the Securities Act available under Rule 506(c) of Regulation D of the Securities Act or other exemptions
and are not required to comply with specific disclosure requirements that apply to registration under the Securities Act. The Securities and Exchange Commission has not passed
upon the merits of or given its approval to any interests in the Fund, the terms of any offering of the Fund, or the accuracy or completeness of any offering materials of the Fund.
Interests in the Fund are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their interests in the Fund. Recipients of this
presentation may not reproduce, redistribute or pass on, in whole or in part, in writing or orally or in any other way or form, this presentation or any of the information set out herein.
am.coinbase.com

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September 2018

Coinbase Index Fund LP

The Fund invests in a market cap-weighted portfolio of the

trusted cryptocurrency exchange in the United States. Monthly liquidity

Coinbase owns and operates the largest US-based

Performance of Coinbase Index* Litecoin (LTC) 2.27%

(As of September 1st, 2018)

Coinbase Index* -11.84% -19.91% 16.78% 2,738.83%

Sales Fund Manager

INCEPTION May 1, 2018

MINIMUM INVESTMENT $250,000

FEES 1% Management Fee. No Performance Fee

REDEMPTIONS Monthly (with 30 days notice)

INVESTOR QUALIFICATIONS Accredited Investors. US Residents only.

ENTITY TYPE Delaware Limited Partnership

FUND ADMINISTRATOR MG Stover & Co.

AUDITOR BDO USA, LLP

CUSTODIAN Coinbase, Inc.

LEGAL Davis Polk & Wardwell, Cole-Frieman & Mallon

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