One of the NFTZ funds is invested in enterprises such as cryptocurrency miners and cryptocurrency exchanges. An ETF that focuses on the crypto-related aspects of the metaverse has experienced a surge in new investors. NFTZ is an ETF that invests in tokens that are not fungible. This year has seen a dramatic rise in the popularity of NFTs, digital collectibles linked to the blockchain. Defiance said that total trade volume had surpassed $15 billion as of the end of October.
To monitor the first-ever National Futures Fund (NFF), an ETF tracking the metaverse, the NFTZ fund will use a proprietary algorithm. Fintech banking startup Silvergate and cryptocurrency miners Marathon Digital Holdings and Bitfarms are the fund's largest interests.
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