Newly acquired funds increase the interest in NTF | Crypto News

Defiance Digital Revolution ETF (ticker NFTZ) will track blockchain-related companies with a non-fungible-token index.

With the approval of the common cryptocurrency ETF not yet revealed, one US investor is looking to use one of the hottest assets on the blockchain.

Defiance ETFs launches the Defiance Digital Revolution ETF (ticker NFTZ) on Thursday, which will follow blockchain-related companies with a non-fungible-token index. It will not invest in cryptocurrencies directly – commercially available gauge companies – but it is one of the first ETFs to rise in the NFTs market.

The US Securities and Exchange Commission allowed the ETF, which holds the future of Bitcoin, to start trading in October, and its closest regulators have reached an agreement on cryptocurrency transactions. Blockchain ETFs are on the rise as the SEC has rejected many requests for local ETFs over the past few years.

The NFTZ fund “is a great way for investors to gain access not only to the rapid growth of blockchain technology in the digital world, but to companies participating in the revival of the NFTs,” said Sylvia Jablonski, chief investment officer for Defiance ETFs. “The companies in this guide are the ones that are participating in the development of Web 3.0,” or a type of website that is more stable and stable on blockchains.

This fee carries an operating fee of 0.65%, meaning $ 6.50 for every $ 1,000 invested. Its headquarters are in Silvergate Capital Corp., Cloudflare, Inc., Bitfarms Ltd., Marathon Digital Holdings Inc., Hut 8 Mining Corp. and Coinbase Global Inc., among others.

The NFTs, which allow those with graphics, integration and almost any other property to pursue their own personalities, have caught fire this year amid a huge growth in the crypto market. Advertisers have made great donations to stone sculptures, cartoon images of penguins and monkeys, and other concoctions and artwork.

The website nonfungible.com recorded about 766,000 sales last month and $ 1.8 billion was spent in total. Not all NFT hits – there are plenty of indications that most are duds – but the average has sold for about $ 2,326 on the run, the page shows.

“NFTs today are what Bitcoin was 10 years ago, except that there is a strong team made up of creators and investors who are there to determine the future path of the unsecured token,” Jablonski said. “They are part of a special, membership club, which is why the fundamentals take on a whole new meaning for socializing.”

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-With support from Olga Kharif, Claire Ballentine and Katie Greifeld.