First NFT focused ETF hits the market by Defiance ETFs

Defiance ETFs launches The First NFT Focused ETF (NFTZ), which is the first exchange traded fund to concentrate its efforts towards NFT’s (Non-Fungible Tokens). NFT's are digital representations of specific items, such as a picture, song, or even the first tweet. Supported by blockchain technology, NFTs provide transparent ownership to these unique digital items and allow people to transact with them. Sylvia Jablonski, Co-founder and Chief Investment Officer of Defiance ETFs said, "NFTs could be bigger than the internet." NFTZ is a unique thematic ETF that exposes investors to various NFT companies involved in Non-Fungible Tokens, blockchain, and cryptocurrency marketplace. From a holdings viewpoint, the ETF comes with 40 holdings led by Silvergate Capital Corp (NYSE:SI), which is weighted at 6.53%, Cloudfare (NYSE:NET) weighted at 5.55%, and Plby Group (NASDAQ:PLBY) weighted at 5.04%. NFTZ intends to track the BITA NFT and Blockchain Select Index, trade on the New York Stock Exchange,