As the metaverse ETF takes off, a new fund will follow NFTs and blockchain companies

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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