Skip to main content

DeFiant launches first NFT ETF in the US

 


Defiance ETF launched the first ETF for the NFT market. CIO Sylvia Jablonski described NFTs as "the Bitcoin of today".


By tracking the BITA NFT and Blockchain Select Index, the Defiance Digital Revolution ETF (NFTZ) offers investors targeted investment in blockchain and crypto ecosystems, including NFT marketplaces and issuers like Coinbase and Playboy. Even if the index only allows investment in companies and not directly in cryptocurrencies, it is one of the first ETFs to cover the burgeoning NFT market . The index is rule-based and rebalanced quarterly. The fund also charges a management fee of 0.65%.


NFTs are the "Bitcoin of today"

The NFTZ "is a great way for investors, not only access to the rapidly growing block chain technologies in the digital world to get, but also to companies that are involved in the new development of NFTs" , said Sylvia Jablonski , Chief Investment Officer Defiance ETFs. “The companies in this index are key players in the development of Web 3.0, ” she added.


According to Jablonski, NFTs will fundamentally change the economic model for athletes, artists and other creatives, as well as other industries, in ways that are impossible to imagine today. She believes the role of NFTs will eclipse that of the Internet. She added that the total volume of NFT trading exceeded the all-time high of $ 15 billion in October.


Jablonski also highlighted the social component behind NFTs, which is an effective form of marketing. She believes this is what sets NFTs apart from Bitcoin and other crypto investments . "NFTs are today what Bitcoin was 10 years ago, with the difference that there is a strong community made up of creatives and investors who together determine the future path of a non-fungible token," said Jablonski. "You are part of a special team, a membership, and so the investment takes on a new meaning of social interaction."


NFT ETF is approved before Bitcoin Spot ETF

NFTZ is one of several blockchain-focused exchange-traded funds. At the same time, the US Securities and Exchange Commission rejected numerous applications for a Bitcoin spot ETF. In October, the SEC approved the first Bitcoin ETF , which, however, is based on Bitcoin futures. Fidelity Investments no longer wants to wait for approval in the US and could launch its Fidelity Advantage Bitcoin ETF on the Toronto Stock Exchange as soon as next week .


My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Disclaimer of liability

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general informational purposes only. Any action that the reader takes based on the information found on our website is entirely at your own risk.

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more