Coin Telegraph Research forecasts that the nonfungible token (NFT), sales market will exceed $18 Billion by 2021. Defiance, an investment advisory firm and startup in fintech, announced on Thursday that it has established the first NFT-focused, exchange-traded funds (ETFs) on the Arca. It is listed under ticker symbol NFTZ and has an annual management fee of 0.65%.

Fund does not hold NFTs and buy them to put in wallets. It instead keeps track of companies active or planning to enter the NFT market, and the Metaverse. BITA is a German fintech company that maintains the BITA NFT Index and Blockchain Select Index. The fund seeks to duplicate these indexes.

Similar: Related: A Shocker, NYSE Joins the NFT craze

Coinbase (NASDAQ :), Cloudflare (NYSE :), Plby Group [Playboy]Marathon Digital and Hut 8 Mining make up the notable holdings of this fund. Silvergate Capital (NYSE -) accounts for 6.74 per cent of the fund’s net assets. Silvergate, which is not known by most investors, is the largest global gateway for cryptocurrency to fiat transactions between centralized crypto exchanges and financial institutions. Silvergate was responsible for facilitating $162 billion worth of such transactions during the third quarter. Total 34 firms are represented in the portfolio of the NFTZ ETF.

Along with the NFTZ, fintech firms plan to create a set of ETFs that monitors the progress in information technology. The ETFs offer 5G, quantum computing and psychoactive next-generation hydrogen. Sylvia Jablonski (co-founder and chief investor officer at Defiance), believes the NFT revolution is going to change everything. It will benefit artists, scientists, athletes, entrepreneurs, as well as a host of businesses that we don’t know about. NFTs can be more than the internet.

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