Bitwise launches blue chip NFT index fund! Track and buy famous projects in the NFT field

Cryptocurrency index fund (ETF) provider Bitwise announced on December 16 the launch of a blue chip NFT index fund, which will track the Bitwise Blue-Chip NFT Collections Index (top 10 NFT projects by market capitalization), and actively purchase and custody famous NFT projects such as CryptoPunks and BAYC.

According to the official Bitwise statement, the full name of this blue-chip NFT index fund is Blue-Chip NFT Index Fund, which aims to provide investors with the world's largest and most mature exposure to NFT art. Bitwise officially stated that the investment threshold of blue-chip NFT index funds is relatively low, allowing investors with limited funds to obtain many digital art investment exposures that they may not normally be able to hold.

Track and buy famous projects in the NFT industry

In addition to using Bitwise's own index to track the top 10 NFT projects, the blue-chip NFT index fund will also buy well-known NFT projects, such as CryptoPunks, Bored Ape Yacht Club, Autoglyphs, Fidenza, VeeFriends, from blue-chip funds with a market value of $6 billion. CoolCats etc.

Bitwise CEO Hunter Horsley pointed out that any recent discussions about the potential of cryptocurrencies include NFT. NFT has fundamentally changed people's concept of owning artworks and intellectual property. Therefore, Biwise hopes to introduce it for those who are restricted by capital and space. This index fund.

Bitwsie currently has at least eight cryptocurrency funds, four of which are index-tracking funds, including Bitwise DeFi Index Funds and Bitwise "exBitcoin" Index Funds.

NFT gradually integrated into the traditional investment community

As previously reported by the currency circle, the transaction volume of NFTs has reached new highs. In October alone, the transaction volume of the NFT industry exceeded US$15 billion. This has also prompted many financial technology and ETF issuers to try to launch related products to allow traditional investors. participate.

Registered investment advisor and financial technology company Defiance announced on December 2 the launch of Defiance Digital Revolution ETF, which specifically tracks blockchain and NFT-related companies. The tracking objects include Silvergate Capital, Playboy, and network infrastructure under the crypto-friendly bank Silvergate. Giant Cloudflare, Canadian Bitcoin mining company Bitfarms, Marathon Digital Holdings Inc., Hut8Mining Corp. and Coinbase Global, among others.

In addition, Coinbase announced in October that it would launch the NFT trading market, and more than 1 million people registered in a single day. The airdrop NFT event between Binance and the MOMOverse project also caused a warm response from the community a few days ago. The event has been suspended).

Sylvia Jablonski, Chief Investment Officer of Defiance ETF, even stated: Today’s NFT is like Bitcoin 10 years ago. The difference is that it has a strong community of creators and investors who determine the future development of NFT. They are special. Membership of the club, which allows investment to be added to a new meaning of social interaction.