- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- DE United States of America
- IPO Date
- Dec 1, 2021
- Business
- Defiance Digital Revolution ETF (NFTZ) is an exchange-traded fund that seeks to track the performance of the BITA NFT and Blockchain Select Index, providing exposure to companies generating significant revenue from blockchain, cryptocurrency, non-fungible token (NFT) ecosystems, and related technologies; it invests in growth and value stocks of diversified market capitalization companies across global public equity markets, including holdings such as Funko Inc., NEXON Co Ltd, NAVER Corp, Kakao Corp, and International Business Machines Corp, with a focus on fintech firms, cybersecurity providers, and crypto miners. Launched on December 1, 2021, and listed on NYSE Arca, the ETF is issued by Defiance ETFs, a Miami, Florida-based firm founded in 2018 that specializes in thematic, income, and leveraged exchange-traded funds targeting high-growth sectors like artificial intelligence, quantum computing, and emerging technologies. The fund employs a full replication technique to mirror the index, which is market cap-weighted and rules-based, with individual holdings capped at around 4% for diversification.
In a significant operational change, Defiance ETFs announced the closure and liquidation of NFTZ on January 27, 2023, with trading halted prior to market open and portfolio liquidation commencing around February 16, 2023, following a sharp decline in performance amid cooling interest in NFTs and cryptocurrency trends; the fund ceased operations at the close of business on February 28, 2023. Prior to closure, NFTZ managed approximately $5 million in assets under management with a net expense ratio of 0.65%, targeting investors seeking thematic exposure to digital asset innovation without direct cryptocurrency ownership. Defiance ETFs continues to expand its portfolio with new launches, including leveraged single-stock ETFs like IONZ, OKLL, and SOUX in recent years, as well as income-focused products such as the Defiance Daily Target 2X Long VST ETF (VSTL) and partnerships like the November 2025 launch of YBMN with Milliman Financial Risk Management for options overlay strategies on BitMine Immersion Technologies.