KuCoin crypto exchange debuts USDT-dominated NFT ETF

Seychelles-headquartered cryptocurrency exchange KuCoin has launched an exchange-traded fund tied to major nonfungible token assets like Bored Ape Yacht Club .. The new investment product is launched in collaboration with NFT infrastructure provider Fracton Protocol.

The ETF aims to increase liquidity as it enables exposure to NFTs via the USDT stablecoin instead of Ether . It also eliminates the risks and concerns around managing NFT infrastructure elements like wallets, smart contracts and marketplaces like OpenSea. The ETF marks an important milestone in KuCoin’s efforts to accelerate the establishment of the NFT market by lowering the investment threshold of leading digital collectibles.

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