Bitwise Asset Management reportedly introduced a new index fund on December 16th, in a bid to bring democratization to NFT, art collections, and different virtual assets of value for the masses’ access. 

Specifically, the Bitwise Blue-Chip NFT Index Fund was reportedly developed with the goal of assisting accredited investors with making investments in major non-fungible tokens and art collections.

The NFT has reportedly witnessed exponential growth this year, with retailers across the globe finalizing acquisitions of millions of dollars worth of CryptoPunks, reeling in institutional and accredited investors. 

In Q3 2021, NFT trading volumes reportedly exceeded the $10 billion benchmark for the first time.

The crypto further revealed that the Bitwise Blue-Chip NFT Index Fund will reportedly be rolled out to qualified investors for private placement subscriptions. 

The lowest point of investment will be placed at $25,000.

“New frontiers in the art are rare. Entirely new artistic mediums are even rare. with enormous potential for meaning, value and use in our increasingly digital world” Bitwise chief information officer Matt Hougan additionally claimed that NFTs have secured a position as the first digitally native medium specialized at possessing art and collectibles. 

Bitwise reportedly introduced a variety of new crypto products this year, in an attempt to meet the rising demand, thanks to the fast-changing digital asset sphere. The company further disclosed details regarding the debut of its Crypto Industry Innovators exchange-traded fund (ETF) in May this year. 

In July, high-profile US-based institutional investors reportedly made a $70 million contribution to the crypto index fund manager, in a bid to amp up its balance sheet and double the size of its staff.