Defiance is a registered investment adviser. AnnoucedThe company has also launched an NFT-focused non-fungible token-focused exchange-traded funds (ETFs) on New York Stock Exchange Arca. It is traded under ticker symbol NFTZ, and charges 0.65% annually in management fees.

It does not buy or hold NFTs directly to be stored in wallets. Instead, it TracksAn index that includes companies who are operating in the NFT space or those planning to do so. BITA is a fintech company based in Germany that maintains the BITA NFT Index as well as Blockchain Select Index.