Bitwise Asset Management announced the launch of an index fund that reproduces the price dynamics of non-fungible tokens (NFT) from the ten largest collections by capitalization.
Announcing the launch of the Bitwise Blue-Chip NFT Index Fund. We are excited to offer a simple strategy that gives investors the opportunity to invest in the foundational pieces of this new digital art form. Learn more: https://t.co/dOaAijMnDS pic.twitter.com/EanRjIsHRu
– Bitwise (@BitwiseInvest) December 16, 2021
The Blue-Chip NFT Index Fund Investment Declaration implies the purchase and storage of tokens from CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Autoglyphs, Fidenza, VeeFriends, CyberKongz Genesis, Cool Cats, Meebits and Chromie Squiggle.
“Bitwise Blue-Chip NFT Will Provide Investors With Easy, Diversified Access To The Most Valuable Collections Of The Digital Art Market.”– said CIO Bitwise Matt Hoogan.
The tool is available to accredited investors through a private placement. The minimum investment threshold is $ 25,000. There is no secondary circulation of shares.
The fund is expected to be rebalanced on a quarterly basis.
As of November 30, the volume of assets under management of Bitwise Asset Management reached $ 1.6 billion. The firm manages eight funds with a focus on cryptocurrencies and blockchain.
Recall that in November, users shifted their interest in GameFi projects and individual collections like Bored Ape Yacht Club and Mutant Ape Yacht Club.
In June, Bitwise Asset Management was valued at $ 500 million following an investment round.
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