Abstract:This paper explores risk management strategies for investments in Nonfungible Token (NFT) coins through their diversification within the S&P 500 industry sectors. Given the significant decline in NFT coin values in 2022, understanding these strategies is critical for investors. This study focused on four major NFT coins (Enjin coin (ENJ), MANA, Theta coin (THETA), and the Tezos coin (XTZ)) and employed ETFs representing the major S&P 500 sectors for analysis. Dynamic conditional correlation GARCH model… Show more
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