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16.12 - 19:39
Defiance launches first NFT-focused ETF for American market
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ambcrypto.comRather than dying out, the Non-Fungible Token (NFT) mania that began earlier this year is only accelerating in growth and popularity. With the emergence of the metaverse and DAOs, the mania can be expected to only continue. The next step for this sector is institutional investments, and asset managers are already gearing up for the task.
Earlier on Monday, ETF sponsor Defiance launched the first NFT-focused exchange-traded fund (ETF), with the ticker $NFTZ. The fund will provide investors with thematic exposure to NFT marketplaces and issuers such as Coinbase and Playboy, along with NFTs, blockchain, and crypto-stocks by tracking the performance of an index known as the BITA NFT and Blockchain Select Index, according to an official press
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