This financial instrument is targeted at accredited investors.
Bitwise has launched an index fund that will track the activity of the 10 most popular collections of non-fungible tokens. Information about this appears on the official website of the platform.
- The developer has named the tool Bitwise Blue-Chip NFT Index Fund. According to the organization’s team, index funds are targeted at accredited investors.
- As part of the Bitwise Blue-Chip NFT Index Fund, company representatives plan to purchase and hold tokens from ten popular collectibles: CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Autoglyphs, Fidenza, VeeFriends, CyberKongz Genesis, Cool Cats, Meebits and Chromie Squiggle.
- Representatives of the company drew attention to the fact that they intend to focus funds on art and digital collections. This approach implies that the Bitwise Blue-Chip NFT Index Fund will not include NFTs related to music rights and the gaming industry, as well as tokens proving virtual real estate ownership. In addition, developers will try to avoid collections consisting of less than 100 non-exchangeable tokens.
- Recall that in the fall of 2021, a surge in interest of market participants in NFT was registered on the network. This is shown, among other things, by the growth in transaction volume with non-fungible tokens.
We will remind you, recently information appeared on the network that the auction house “Sotheby’s” earned $ 100 million from the sale of NFT in 2021.