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Investo’s NFTs ETF to have ApeCoin in its composition

Neymar has bought two NFTs of Mutant Bay Yacht Club.

ApeCoin, the main cryptocurrency of the metaverse, will be one of the main components of the index that serves as a reference for the NFTS11 fund. This is an index fund, ETF, that Investo launched on B3 on April 4th. The fund focuses on media and entertainment tokens and was the first non-fungible token (NFT) focus launched in the world. The change starts on May 2.

ApeCoin was created by Yuga Labs, responsible for two of the most popular and expensive collections of NFTs on the market. One is the Bored Ape Yacht Club (BAYC) and the other is its derivative Mutant Ape Yacht Club. Well-heeled celebrities have already purchased NFTs from these collections. Neymar Jr., for example, has two from Mutant.

Ape will have a stake of around 26% in the composition of the MVIS Crypto Media & Entertainment Leaders Index, the one Investo uses in the ETF. The index administrator is MV Index Solutions (MVIS), which is the reference for NFTS11. For now, the main composition of MVIS is with the tokens Descentraland (25.5%), The Sandbox (21.91%) and Axie Infinity Shards (17.33%). In addition, it includes Chiliz (9.56%), Gala (9.08%), Enjin Coin (8.79%) and Basic Attention Token, the BAT (7.83%).

Investo specializes in ETF

“This reinforces our purpose of making Brazilians a global investor, bringing them closer to a world with high potential”, says Cauê Mançanares, CEO of Investo, which specializes in ETFs.

ApeCoin is entitled to receive a percentage of each transaction with NFTs from collections such as BAYC. According to Investo, with the listing of ApeCoin on exchanges, the asset gains liquidity. Thus, due to its high market value, it will have a significant weight in the NFTS11.

Investo is the first independent manager in Brazil specializing in ETFs. The company was founded in early 2020 at Harvard University (USA). In addition to Mançanares, the founders are Luiz Junior, COO, and partner Gabriel Lansac, CRO.

*The translation of this article is provided by EmergingCrypto.io, a partner of Blocknews.

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