Exchange-traded fund (ETF) advisor, established in 2018 Defiance ETFs, today Launches Defiance Digital Revolution ETF (NFTZ stock).
NFTZ will monitor the Non-fungible token (NFT) index of companies connected with blockchain technology.
Investors buying NFTZwill not directly invest in any cryptocurrency. It is stated that the index will be revised every three months.
Sylvia Jablonski, CEO of Defiance ETFs, said the NFTZ fund is a great way for investors to access the fast-growing blockchain technology of the digital world, and companies in this index will play an important role in the development of Web 3.0.
ETFs directly tied to crypto have grown significantly over the past year; The US listed its first bitcoin futures fund on the New York Stock Exchange in October.
According to the nonfungible.com website, NFTs have been around for the past 30 days. 753,625 approximately $1.8 billion was spent on sales, this time within average of one 2.364 It is stated that it is traded in dollars.