Coinbase has introduced a hybrid index, the Mag 7 + Crypto Equity Index Futures, which gives U.S. traders access to Bitcoin, Ethereum, and major tech stocks known as the 'Magnificent 7.' This new trading product will track Coinbase shares alongside stocks from Nvidia, Apple, Microsoft, Google, Amazon, Meta, and Tesla, with all components weighted equally. Fluctuations in Bitcoin prices will similarly affect the index as changes in Nvidia’s stock. The index employs BlackRock’s ETFs for Bitcoin and Ethereum. Coinbase plans to launch this product on September 22 through partner platforms, rather than its own application initially. Coinbase's stock, which has risen 22% this year to $304.40, demonstrates increased interest in its derivatives business, especially amid recent regulatory developments affecting crypto futures in the U.S.

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