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# First NFT-focused Exchange Traded Fund lists on NYSE Arca
- URL: https://btcpeers.com/first-nft-focused-exchange-traded-fund-lists-on-new-york-stock-exchange-arca-2/
- Published: 2021-12-07T23:36:21.000Z
- Updated: 2023-09-24T15:35:54.000Z
- Author: John Williams
- Tags: NFT News, #martins, #Import 2025-12-27 14:07

Coin Telegraph Research predicts that by the end of 2021, nonfungible token (NFT) sales would have reached about $18 billion. In addition, Defiance, a registered investment adviser and fintech startup, stated on Thursday, December 2nd, that it had established the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the Arca of the New York Stock Exchange. The fund has a 0.65% annual management fee and is traded under the ticker symbol NFTZ.

The fund does not buy and keep NFTs to store them in wallets. Instead, it keeps track of a list of companies that are either active in the NFT space or planning to enter it, as well as the Metaverse. In addition, BITA, a German fintech firm, maintains the BITA NFT and Blockchain Select Index, which the fund aims to replicate.

Related: A Shocker; NYSE Gets in on the NFT craze

Coinbase, Cloudflare, Plby Group \[Playboy\], Marathon Digital, and Hut 8 Mining are among the fund's notable holdings. Silvergate Capital is its largest stake, accounting for 6.74 percent of its net assets. Silvergate is one of the world's largest gateways for [crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/) to fiat transactions among centralized cryptocurrency exchanges and financial institutions, which most investors are unaware of. Silvergate assisted in facilitating nearly $162 billion in such transactions in the third quarter alone. The NFTZ ETF's portfolio contains a total of 34 firms.

In addition to the NFTZ, the fintech firm intends to introduce a basket of ETFs that will monitor the latest breakthroughs in information technology and biotechnology. Its 5G, psychoactive, next-generation hydrogen, and quantum computing ETFs are attractions. According to Sylvia Jablonski, co-founder and chief investment officer of Defiance, The NFT revolution will transform the economic paradigm for artists, sports, inventors, and a slew of other businesses we can't even imagine now. As a result, NFTs have the potential to be bigger than the internet.