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Bitwise launches NFT-tracking index fund for accredited investors

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 …