For me that’s a great news since I’m a Coinbase and TD ameritrade customer. I will definitely look at the index once it’s available. There is already crypto company on stock exchange I’m invested in (symbol GBTC) Bitcoin Investment Trust holds bitcoins and, from time to time, issues creation baskets in exchange for deposits of bitcoins. The activities of the Trust also includes transferring actual bitcoins in exchange for Baskets surrendered for redemption by the authorized participants, causing the sponsor to sell bitcoins on the termination of the Trust. Which means if bitcoin goes up GBTC goes up as well and you can buy it for much less then bitcoin itself.
Thanks for this great news!