MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Bitwise launches NFT-tracking index fund for accredited investors

December 16, 2021
in NFT News
Reading Time: 2 mins read
A A
Bitwise launches NFT-tracking index fund for accredited investors
ShareShareShareShareShare

advertisement

Bitwise has launched an index fund tracking the 10 largest non-fungible token collections.

The Bitwise Blue-Chip NFT Index Fund will purchase and hold in custody NFTs from CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Autoglyphs, Fidenza, VeeFriends, CyberKongz Genesis, Cool Cats, Meebits and Chromie Squiggle. These represent the top 10 NFT collections based on market capitalization using floor prices, which the fund plans to rebalance quarterly.

Bitwise CIO Matt Hougan said the fund will focus its holdings on art and collectibles, meaning NFTs like music rights, virtual land and game items won’t be included. It will also exclude NFTs from collections with fewer than 100 items since Bitwise views those assets as too illiquid.

Art and collectibles drove volume early in the NFT space, but that trend has leveled off since September. Gaming NFTs have seen a significant pick up in recent months with the explosion of assets like Loot and the expansion of the blockchain gaming space.

This past week, art and collectibles drove just over half of the total volume, with $37.54 million. 

There will be no secondary trading of the fund as of now, according to its fact sheet. Investments can be made by accredited investors via private placement with a minimum investment of $25,000. 

“The fund’s relatively low minimums will give investors the opportunity to share ownership in digital art to which they might not otherwise have access, particularly given the cost, time, and complexity of sourcing and purchasing individual NFTs,” said the announcement.

Trending Stories

Credit: Source link

ShareSendTweetPinShare
Previous Post

Paris Blockchain Week Summit Returns April 12-14th 2022

Next Post

Revenue from crypto scams spike 81% to a near-record $7.7 billion in 2021, says Chainalysis | Currency News | Financial and Business News

Next Post
Revenue from crypto scams spike 81% to a near-record $7.7 billion in 2021, says Chainalysis | Currency News | Financial and Business News

Revenue from crypto scams spike 81% to a near-record $7.7 billion in 2021, says Chainalysis | Currency News | Financial and Business News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Founders of Gemini-Owned NFT Marketplace Nifty Exchange Are Leaving the Company

Founders of Gemini-Owned NFT Marketplace Nifty Exchange Are Leaving the Company

January 25, 2023
Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender

Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender

January 28, 2023
Blur Emerges As The New OpenSea Competitor Among Ethereum NFT Marketplaces – CryptoMode

Cardano Strengthens Its NFT Market Position As Solana Volumes Plummet – CryptoMode

January 24, 2023
Indian Minister Says Crypto Transactions Are Fine as Long as They Follow Laws 

Indian Minister Says Crypto Transactions Are Fine as Long as They Follow Laws 

January 22, 2023
A Wake-Up Call for Better Crypto Regulations By DailyCoin

A Wake-Up Call for Better Crypto Regulations By DailyCoin

January 26, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Will Jim Cramer’s Bitcoin Price Prediction Be Wrong Again?
  • Cryptocurrency might be the greatest Ponzi scheme of all time
  • Hector Network launches its NFT marketplace on Fantom (FTM), Solana (SOL) price enters correction territory after 80% gains, Snowfall Protocol (SNW) price growth becomes the highest so far in 2023

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,416.00 1.9%
  • ethereumEthereum (ETH) $ 1,608.08 1.53%
  • tetherTether (USDT) $ 1.00 0.04%
  • usd-coinUSD Coin (USDC) $ 1.00 0.03%
  • bnbBNB (BNB) $ 314.97 2.6%
  • xrpXRP (XRP) $ 0.413344 0.32%
  • binance-usdBinance USD (BUSD) $ 1.00 0.03%
  • cardanoCardano (ADA) $ 0.390681 1.13%
  • dogecoinDogecoin (DOGE) $ 0.089877 0.36%
  • matic-networkPolygon (MATIC) $ 1.18 5.64%
  • okbOKB (OKB) $ 39.51 2.59%
  • solanaSolana (SOL) $ 24.31 0.3%
  • staked-etherLido Staked Ether (STETH) $ 1,604.27 1.36%
  • polkadotPolkadot (DOT) $ 6.59 1.58%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 0.01%
  • litecoinLitecoin (LTC) $ 95.36 7.72%
  • avalanche-2Avalanche (AVAX) $ 20.64 1.26%
  • tronTRON (TRX) $ 0.063584 1.09%
  • uniswapUniswap (UNI) $ 6.95 2.74%
  • daiDai (DAI) $ 1.00 0.07%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,374.00 1.91%
  • cosmosCosmos Hub (ATOM) $ 13.53 1.21%
  • the-open-networkToncoin (TON) $ 2.48 2.16%
  • chainlinkChainlink (LINK) $ 7.40 1.2%
  • leo-tokenLEO Token (LEO) $ 3.67 1.89%
  • moneroMonero (XMR) $ 183.98 1.64%
  • ethereum-classicEthereum Classic (ETC) $ 22.36 2.27%
  • aptosAptos (APT) $ 18.14 3.43%
  • bitcoin-cashBitcoin Cash (BCH) $ 136.25 2.2%
  • stellarStellar (XLM) $ 0.093568 0.35%
  • apecoinApeCoin (APE) $ 6.11 2.9%
  • quant-networkQuant (QNT) $ 150.77 0.4%
  • nearNEAR Protocol (NEAR) $ 2.54 0.5%
  • crypto-com-chainCronos (CRO) $ 0.081938 0.56%
  • filecoinFilecoin (FIL) $ 5.37 0.39%
  • lido-daoLido DAO (LDO) $ 2.27 0.93%
  • algorandAlgorand (ALGO) $ 0.261763 2.35%
  • vechainVeChain (VET) $ 0.024685 1.64%
  • hedera-hashgraphHedera (HBAR) $ 0.068780 0.86%
  • internet-computerInternet Computer (ICP) $ 6.11 3.46%
  • axie-infinityAxie Infinity (AXS) $ 11.63 0.74%
  • decentralandDecentraland (MANA) $ 0.728656 4.42%
  • aaveAave (AAVE) $ 87.14 0.68%
  • fantomFantom (FTM) $ 0.478132 3.04%
  • eosEOS (EOS) $ 1.10 1.02%
  • the-sandboxThe Sandbox (SAND) $ 0.755964 0.6%
  • flowFlow (FLOW) $ 1.09 0.53%
  • elrond-erd-2MultiversX (EGLD) $ 44.92 0.38%
  • theta-tokenTheta Network (THETA) $ 1.11 1.67%
  • tezosTezos (XTZ) $ 1.18 5.63%