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ETFs on NFTs : A new way proposed by KUCOIN (Bayc, Ens, Sand, Koda)




What is an ETF?

ETFs, are very attractive passively managed funds and an increasingly attractive investment solution among the retail investing public. Their appeal stems mainly from the low cost of management, making it a suitable instrument even for small savers.



ETFs on corporate NFTs

Defiance ETFs, a fintech asset manager, has launched the first passively replicating exchange-traded fund (#ETF) for non-fungible tokens (#NFTs). The fund was launched on December 2, costs 0.65 percent and is traded under the ticker symbol NFTZ. This innovative yet classic instrument offers investors exposure to NFT ecosystems as well as the blockchain technology behind them. The fund, tracks the performance of publicly traded companies that are active in the NFT space or intend to enter it through BITA NFT and Blockchain Select Index.



KUCOIN'S NFT ETF DENOMINATED IN USDT.

If you too have wrinkled your nose when you heard the word ETF alongside the word NFT, wait until you discover the decentralized solution proposed by #KuCoin to grant its investors exposure to the real world NFTs by switching directly from circiuto #DeFi ...


Seychelles-based cryptocurrency exchange KuCoin has launched an exchange-traded fund (ETF) linked to major non-fungible token (NFT) assets such as Bored Ape Yacht Club (#BAYC).

The new investment product is being launched in partnership with NFT infrastructure provider Fracton Protocol and is literally driving the crypto public crazy.


The KuCoin NFT ETF is a product dominated by Tether ( #USDT ) and includes within its basket of assets, NFT assets such as Bored Ape Yacht Club.

We would like to point out that, BAYC is only one of five NFT ETFs that KuCoin is launching.


Traded under the symbol hiBAYC, the asset is an ERC-20 token representing 1/1,000,000 ownership of the target BAYC in Fracton Protocol's BAYC meta-swap.


WHY USE AN ETF?

The ETF allows exposure to NFTs via the #stablecoin USDT instead of #Etherum thus eliminating the capital account risks of investing directly in Ethereum. It also eliminates the risks and concerns related to managing NFTs through the use of marketplaces such as #OpenSea.


THE STRUCTURE OF THE ETF

In addition to hiBAYC, the investment covers #CryptoPunks (hiPUNKS), #Koda NFT (hiKODA), hiSAND33 (#Thesandbox), and hiENS4 (#ENS). As of hiBAYC on Friday, the investment product is expected to list hiPUNKS on August 4. The listings of hiKODA, hiSAND33 and hiENS4 will be announced at a later date, the exchange said.


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