Bitwise has launched a fund with a focus on the price dynamics of the ten largest NFT collections | |
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| Bitwise Asset Management has announced the launch of an index fund that reproduces the price dynamics of non-interchangeable tokens (NFT) from the ten largest collections by capitalization. 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. The tool is available to accredited investors through a private placement. The minimum threshold for investments is $25,000. Secondary circulation of shares is not provided. Quarterly rebalancing of the fund is expected. The volume of assets managed by Bitwise Asset Management reached $1.6 billion as of November 30. The firm manages eight funds with a focus on cryptocurrencies and blockchain. Recall that in November, users shifted their interest to 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 based on the results of the investment round. | |
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