Bitwise is working on launching its first NFT index fund
On December 16, Bitwise Chief Information Officer Matt Hugan announced the launch of the Bitwise Blue-Chip NFT Index Fund, which he said is unparalleled in the world.
The fund, which is updated every three months, will contain ten of NFT's most valuable collections, including CgurtoPunks, Bored Ape Yacht Club, Meebits, Autoglouphs, Fidenza, VeeFriends and others. The index selects and weighs NFTs based on their market capitalization using so-called minimum prices. Separately, it explains that the "Adjusted Minimum Price" is intended to reflect "the price at which an investor can buy or sell the cheapest NFT in any collection."
Hugan added that the minimum investment is $25,000, which is less than many blue-chip NFTs. For now, they will only be available to accredited U.S. investors.
