Bitwise launches fund focused on price dynamics of the ten largest NFT collections

Bitwise launches NFT index fund tracking prices of top 10 collections.

Bitwise Asset Management announced the launch of an index fund that tracks the price dynamics of non-fungible tokens (NFTs) from the ten largest collections by market 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 mandate contemplates the purchase and holding 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 simple, diversified access to the most valuable collections in the digital-art market.”, — said Bitwise CIO Matt Hugan.

The instrument is available to accredited investors via a private placement. The minimum investment threshold is $25,000. Secondary trading of shares is not provided.

The fund is expected to be rebalanced quarterly.

Assets under management at Bitwise Asset Management as of November 30 reached $1.6 billion. The firm runs eight crypto- and blockchain-focused funds.

Earlier in November, users shifted interest toward 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 a funding round.

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