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NFT Fund Sees Bullish Future as Issuer Behind XRP ETF Turns Attention to Digital Collectibles

In a surprise move, the issuer behind the XRP ETF, WCM Partners, has announced its intention to launch a new fund focused on non-fungible tokens (NFTs). The news has sent shockwaves through the crypto community, with many speculating on the potential for NFTs to disrupt traditional art and collectibles markets.

According to sources close to the matter, WCM Partners' decision to enter the NFT space is driven by the growing popularity and potential of digital collectibles. The company's CEO, Michael Ohanian, stated in an interview that the firm is "bullish" on the future of NFTs, citing their unique ability to provide a new level of transparency and ownership for digital assets.

The new fund, which is expected to launch in the coming months, will focus on investing in a diversified portfolio of NFTs, including art, music, and other digital collectibles. WCM Partners has reportedly already begun building its team and infrastructure to support the new fund, with a focus on leveraging its expertise in alternative investments to capitalize on the growing NFT market.

Industry insiders are hailing the move as a significant development in the NFT space, which has seen significant growth in recent months. The launch of the new fund is expected to bring much-needed institutional capital and credibility to the market, potentially paving the way for further mainstream adoption.

As the NFT market continues to evolve and mature, it remains to be seen whether WCM Partners' new fund will be a success. However, with the issuer behind the XRP ETF now firmly in the NFT space, one thing is clear: the future of digital collectibles has never looked brighter.