Crypto asset manager Bitwise has launched World’s First Blue-Chip NFT Index Fund. As per Matt Hougan, chief information officer, the fund, which rebalances every three months, would hold the 10 most valuable NFT collections, including CryptoPunks, Bored Ape Yacht Club, Meebits, Autoglyphs, Fidenza, VeeFriends, etc. The index selects and weights NFTs depending on their market capitalization using “floor prices.”