Defiance ETFs Launches ETF Focused on NFT
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Dec. 2, 2021
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Defiance ETFs, a thematic exhange-traded fund (ETF) company, is launching a new ETF focused on non-fungible tokens (NFT). The so-called Defiance Digital Revolution ETF is available under the NFTZ ticker. While the ETF does not invest in cryptocurrencies directly, it offers exposure to the cryptocurrency market by tracking a blockchain-and-NFT-focused index.

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Sylvia Jablonski, Co-founder and CIO of Defiance ETFs, says the NFT market "could be bigger than the Internet." He noted that in October, all time NFT trading volume surpassed $15 billion.

"[The ETF] is a great way for investors to gain access to not only the fast-growth blockchain technology aspect of the digital world, but companies involved in the renaissance of NFTs," Jablonski told Bloomberg.

Backed by DJ 3LAU NFT Platform Royal Raises $55M in Series A Round led by a16z

Earlier, iHodl reported that Silk Road operator Ross Ulbricht, sentenced to a double life sentence plus forty years without the possibility of parole, launched an NFT auction on the SuperRare marketplace. According to the website of the NFT campaign, the so-called Ross Ulbricht Genesis Collection NFT will last until Dec. 8.

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