[throwaway1748]

I imagine fund investors will get instant exposure to any new crypto asset listed to coinbase or gdax. Which might be worth the price of admission alone if you think Coinbase listing an asset has the potential to drive the price up

[evrydayhustling]

Nah, the fund starts trading only 5 days after trading becomes available on GDAX. From the methodology paper: "Each reconstitution will occur at 5pm Pacific Time on the fifth day that the new asset is traded on GDAX. This is designed to reduce the effect of any temporary price volatility in the new asset in the first few trading days after its listing."