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    Home»Other»Bitwise Launches NFT Tracking Index Fund
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    Bitwise Launches NFT Tracking Index Fund

    AdministratorBy Administrator17.12.20217 Comments2 Mins Read
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    Bitwise has launched an index fund that tracks the 10 largest collections of non-fungible tokens.

    The Bitwise Blue-Chip NFT Index Fund will buy and hold NFTs from CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Autoglyphs, Fidenza, VeeFriends, CyberKongz Genesis, Cool Cats, Meebits and Chromie Squiggle. These represent the top 10 NFT fees based on market cap using floor prices that the fund plans to update quarterly.

    Bitwise CIO Matt Hugan said the foundation will focus its assets on art and collectibles, which means NFTs such as rights to music, virtual land, and in-game items will not be included. This will also exclude NFT from collections with less than 100 items, as Bitwise considers these assets to be too illiquid.

    Art and collectibles initially boosted sales in the NFT space, but this trend has leveled off since September. Gaming NFTs have grown significantly in recent months thanks to the explosive growth of assets like Loot and the expansion of the blockchain gaming space.

    Art and collectibles accounted for just over half of the total $ 37.54 million in sales last week.

    Bitwise Launches NFT Tracking Index Fund

    According to his newsletters, there will be no secondary trading of the fund at this time. Accredited investors can invest through a private placement with a minimum investment of US $ 25,000.

    “The fund’s relatively low minimum sums will give investors the ability to share ownership of digital art that they would not otherwise have access to, especially given the cost, time and difficulty of finding and buying individual NFTs,” it said.



    #Bitwise #Launches #NFT #Tracking #Index #Fund

    Bitwise Fund Index Launches NFT Tracking
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    View 7 Comments

    7 Comments

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      Polecenia Windows Konsola on 12.02.2022 07:40

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