A New Era of Investment

On a sunny Thursday in the financial world, Defiance announced a game-changer: the launch of the first-ever NFT-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca, aptly named NFTZ. With a management fee of 0.65% per year, this fund marks a significant step in merging traditional investing with the cutting-edge space of digital assets.

What Makes NFTZ Unique?

Unlike your typical fund that might hoard NFTs under a virtual mattress, NFTZ doesn’t actually buy and hold these coveted tokens. Instead, it cleverly tracks an index of firms that are entrenched in the NFT sector and the expansive Metaverse. The guiding star for this ETF is the BITA NFT and Blockchain Select Index, curated by a fintech company from Germany known as BITA. Think of it as a treasure map to the companies that will potentially ride the NFT wave to riches.

Spotlight on Noteworthy Holdings

Investors might want to perk their ears at the array of companies lining NFTZ’s portfolio. Notable players include:

• Coinbase
• Cloudflare
• Plby Group (you guessed it, Playboy)
• Marathon Digital
• Hut 8 Mining

But wait, there’s more! Silvergate Capital takes the crown as the largest holding at 6.74%. Not only that, but Silvergate has also established itself as a major facilitator of crypto-to-fiat transactions, dealing with a jaw-dropping $162 billion in transactions just in the last quarter. Definitely not your average banking institution!

Sylvia Jablonski’s Vision

Speaking on this landmark occasion, Sylvia Jablonski, co-founder and CIO of Defiance shared her vision:

“The NFT revolution will fundamentally change the economic model for artists, athletes, creators and many more industries that we can’t even conceive of today. NFTs could be bigger than the internet.”

It’s bold claims like these that keep investors on their toes and CEOs sending out press releases in a frenzy.

What’s Next for Defiance?

As if launching NFTZ wasn’t enough, Defiance is not stopping there! Plans are in the works for a collection of ETFs aimed at various innovative sectors such as:

• 5G technology
• Psychedelic advancements
• Next-gen hydrogen fuel
• Quantum computing

Clearly, Defiance is taking a high-stakes gamble on the future of technology and investment.