{"id":53971,"date":"2021-12-02T13:46:38","date_gmt":"2021-12-02T11:46:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53971"},"modified":"2025-09-03T17:48:40","modified_gmt":"2025-09-03T14:48:40","slug":"defiance-launches-etf-focused-on-nft-and-web-3-0","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/defiance-launches-etf-focused-on-nft-and-web-3-0\/","title":{"rendered":"Defiance launches ETF focused on NFT and Web 3.0"},"content":{"rendered":"<p>Defiance Asset Management <a href=\"https:\/\/www.prnewswire.com\/news-releases\/defiance-launches-the-first-etf-focused-on-nfts-nftz-301435862.html\">received approval<\/a> to launch an <span data-descr=\"exchange-traded fund\" class=\"old_tooltip\">ETF<\/span> that will track the performance of stocks of blockchain-focused companies oriented toward <a href=\"https:\/\/ru.wikipedia.org\/wiki\/Web_3.0\">Web 3.0<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-nfts\">NFT<\/a>.<\/p>\n<p>Defiance Digital Revolution ETF trades under the ticker NFTZ.<\/p>\n<p>The management fee stands at 0.65%.<\/p>\n<p>The structure will not invest directly in digital assets. The ETF will replicate the performance of the BITA NFT and Blockchain Select Index, developed by the German fintech firm BITA.<\/p>\n<p>The share of stocks of companies involved in issuing, creating and commercialization of NFT is 32.46%, with cryptocurrency mining 25.86%, with asset management and trading of digital assets 21.9%, with payments services and crypto-banking 15.18%, and with blockchain technologies 4.6%.<\/p>\n<p>The largest weights in the index are in companies such as Silvergate Capital, Cloudflare, Bitfarms, Marathon Digital Holdings, Hut 8 Mining and Coinbase Global.<\/p>\n<p>Allocations range from 0.5% to 4%, with quarterly rebalancing scheduled.<\/p>\n<p>Earlier, Grayscale forecast that the annual revenue of the Web 3.0 metaverse sector would reach <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-forecasts-annual-revenue-for-the-web-3-0-metaverse-sector-to-reach-1-trillion\">$1 trillion<\/a>.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Defiance Asset Management has received approval to launch an ETF that will track the performance of blockchain-focused stocks tied to Web 3.0 and NFT.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1213,1211,1110],"class_list":["post-53971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nft","tag-stock-market","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=53971"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53971\/revisions"}],"predecessor-version":[{"id":53972,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53971\/revisions\/53972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}