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Bitwise, Nexo Add to Financial Products for Rich NFT Investors
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The past day has seen the announcement of two new non-fungible token (NFT)-related financial products, with asset manager Bitwise launching the first-ever index fund to track NFTs, while crypto lender Nexo (NEXO) launched the first lending desk exclusively for NFT investors.
According to a tweet from Matt Hougan, chief investment officer at Bitwise, the Bitwise Blue-Chip NFT Index Fund will hold a selection of NFTs from the 10 most valuable collections in the world, including well-known collections like CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, and others.
Out of the collections that the fund holds, CryptoPunks and Bored Ape Yacht Club account for the most of the value, making up 36.5% and 29.6% of the fund, respectively,
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