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15.12 - 14:23
Defiance ETFs' NFT-Linked ETF Soon to Launch in the U.S.
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blockchain.newsOne U.S. money manager is looking to tap into non-fungible tokens (NFTs) — one of the hot trends on the blockchain — as approval for a conventional cryptocurrency exchange-traded fund (ETF) is still nowhere in sight.
Defiance ETFs’ Defiance Digital Revolution ETF (ticker NFTZ) is launching on Thursday and will track blockchain-related firms and the NFT index.
The company will not invest in any cryptocurrencies directly, but it is one of the first ETFs to tap the booming market for NFTs.
The gauge will track firms that have exposure to the crypto industry.
The closest regulators have come to approving a fund that invests in cryptocurrencies was when the U.S. Securities and Exchange Commission allowed an ETF that holds Bitcoin futures to
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