A new exchange traded fund (ETF) is trying to capture the white-hot market for non-fungible tokens (NFTs) in one financial product.
But the catch is that it won’t actually own any NFTs, crypto assets or related derivatives.
Listed under the symbol “NFTZ” by issuer Defiance ETFs, the Defiance Digital Revolution ETF launches Thursday on the New York Stock Exchange’s Arca platform. The fund owns shares in publicly traded blockchain-related companies like Coinbase (COIN), in addition to those…
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