Published on 1 Feb 2023 on Decrypt Media via Yahoo Finance
NFTZ, widely touted as the world’s first exchange-traded fund for NFTs, is shutting down.
Defiance ETFs announced that it will “close and liquidate” NFTZ, its Defiance Digital Revolution ETF, by February 28.
When it kicked off trading in December 2021, Defiance ETFs co-founder and Chief Investment Officer Sylvia Jablonski said NFTs “could be bigger than the internet.”