The Defiance Digital Revolution ETF, a trailblazing exchange-traded fund focused on non-fungible tokens is shutting down, according to a recent report by Bloomberg.
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Its portfolio will be liquidated in mid-November after the hype around the nascent technology fizzled away.
Defiance's Sylvia Jablonski has acknowledged that the fund wasn't attractive enough for investors.
Tue, 01/31/2023 - 15:53
Ethereum (ETH) Staked on Lido Finance Sets New Milestone: Details
Tomiwabold OlajideAdvertisement
The failed product offered investors exposure to various NFT marketplaces after they seemingly became the next big thing in 2021.
Just months before the launch, NFTs recorded $15 worth of trading volume in October. However, this sector significantly underperformed in 2022 together with the rest of the crypto industry.
Gamza Khanzadaev
Tomiwabold Olajide
Dan Burgin
Vladislav Sopov