Creator-backed token index funds are an interesting angle in the DeFi space. Here's how it works:

A popular crypto influencer or analyst curates their own basket of tokens—think ZEC, SOL, BTC, maybe some emerging projects—and issues ETF shares representing ownership in that portfolio.

As an investor, you purchase these ETF shares based on whether you believe this creator's token-picking ability is solid. You're essentially betting on their judgment and market insight.

Your returns then depend entirely on how well the underlying token portfolio performs. If their picks gain traction, your share value appreciates. If they underperform, you take the hit.

It's a creative way to commoditize decision-making in the crypto market and let believers directly invest in someone's expertise.