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In order to democratize access to irreplaceable tokens, art collections and other digital assets of value to the public, Bitwise Asset Management roll out Its new index fund went public on December 16.
According to the announcement, the Bitwise Blue-Chip NFT Index Fund aims to allow qualified investors to invest in major irreplaceable tokens and art collections.
The NFT industry will explode in 2021. Retailers around the world have purchased CryptoPunk worth millions of dollars, attracting institutions and qualified investors. In the third quarter of 2021, NFT transaction volume Exceed It reached 10 billion US dollars for the first time.
The crypto company stated that the Bitwise Blue-Chip NFT Index Fund is now available for private placement subscription by qualified investors. The minimum investment is USD 25,000. When talking about new developments, Bitwise Chief Information Officer Matt Hougan said:
“New fields of art are rare. New art media are even rarer,” said Matt Hougan, Bitwise’s chief information officer, adding that NFT has become the first number to own art and collectibles. Native media, “has great significance, value and potential for use in our increasingly digital world.”
Due to the rapid changes in the digital asset industry, Bitwise launched several new encryption products in 2021 to meet the growing demand.The company announced its debut Crypto Industry Innovator Exchange Traded Fund (ETF) in May 2021.
July, the main US institutional investors contribute 70 million US dollars Encrypted index fund manager to strengthen its balance sheet and double its number of employees.
related: Bitwise’s CIO is “not sure” that Bitcoin will reach $100,000 in 2021
The word “NFT” is Creative 2017. Although little known at the time, two very important NFT projects, CryptoPunks and CryptoKitties, were launched in 2017. Props Sold the first NFT home. This is the beginning of widespread NFT adoption, which coincides with the cryptocurrency bull market cycle.
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