NEW YORK, Dec. 2, 2021 /PRNewswire/ -- "NFTs could be
bigger than the internet," says Sylvia
Jablonski, Co-founder and Chief Investment Officer of
Defiance ETFs.
$NFTZ offers investors thematic exposure to the NFT
(Non-Fungible Tokens), blockchain and cryptocurrency ecosystems,
which include NFT marketplaces and issuers such as Coinbase and
Playboy.
The NFT revolution will fundamentally change the economic model
for artists, athletes, creators, and many more industries that we
can't even conceive of today. "In October, all time NFT trading
volume surpassed $15 Billion," says
Jablonski.
About the Index: The BITA NFT and Blockchain Select Index aims
to track the performance of a portfolio of publicly listed
companies with relevant thematic exposure to the NFT (Non-Fungible
Tokens), blockchain and cryptocurrency ecosystems. The index is
rules-based and rebalanced on a quarterly basis.
Risk Disclosure
Investing involves risk. Principal
loss is possible. As an ETF, the fund may trade at a premium or
discount to NAV. Shares of any ETF are bought and sold at market
price (not NAV) and are not individually redeemed from the Fund.
The Fund is not actively managed and would not sell a security due
to current or projected under performance unless that security is
removed from the Index or is required upon a reconstitution of the
Index.
The Index, and consequently the Fund, is expected to concentrate
its investments (i.e., hold more than 25% of its total assets) in
the securities of Crypto and Blockchain Companies. As a result, the
value of the Fund's shares may rise and fall more than the value of
shares of a fund that invests in securities of companies in a
broader range of industries.
The mechanics of using blockchain technology to transact in
digital or other types of assets, such as securities or
derivatives, is relatively new and untested. There is no assurance
that widespread adoption will occur. A lack of expansion in the
usage of blockchain technology could adversely affect Crypto and
Blockchain Companies. Transacting on a blockchain depends in part
specifically on the use of cryptographic keys that are required to
access a user's account (or "wallet"). The theft, loss, or
destruction of these keys could adversely affect a user's ownership
claims over an asset or a company's business or operations if it
was dependent on the blockchain.
The Fund is considered to be non-diversified, which means that
it may invest more of its assets in the securities of a single
issuer or a smaller number of issuers than if it were a diversified
fund. As a result, the Fund may be more exposed to the risks
associated with and developments affecting an individual issuer or
a smaller number of issuers than a fund that invests more widely.
This may increase the Fund's volatility and cause the performance
of a relatively smaller number of issuers to have a greater impact
on the Fund's performance.
Investments in non-U.S. securities involve certain risks that
may not be present with investments in U.S. securities. For
example, investments in non-U.S. securities may be subject to risk
of loss due to foreign currency fluctuations or to political or
economic instability. There may be less information publicly
available about a non-U.S. issuer than a U.S. issuer.
The BITA Next Gen NFT Index is a rules-based index that consists
of the common stock (or depositary receipts) of companies that are
building a platform or developing technology to use, or have at
least one use or test case for using, NFT (Non-Fungible Token),
cryptocurrency trading platforms, cryptocurrency mining,
cryptocurrency banking or related services, or blockchain-related
technology, as well as companies that have announced publicly that
they intend to enter such space or have begun working on such
products (collectively, "Crypto and Blockchain Companies"). The
Index consists of companies listed on North American and European
exchanges and aims to capture the potential upside generated by
earnings related to the adoption of crypto- and blockchain-related
technologies, including NFTs and cryptocurrency.
NFTZ is new with a limited operating history.
Go to defianceetfs.com/NFTZ to read more about NFT including
current performance and holdings information. Fund holdings are
subject to change and should not be considered recommendations to
buy or sell any securities.
The Defiance ETFs are distributed by Foreside Fund Services,
LLC.
The Funds' investment objectives, risks, charges, and
expenses must be considered carefully before investing. The
prospectus contain this and other important information about the
investment company. Please read carefully before investing. A hard
copy of the prospectuses can be requested by calling 833.333.9383
or at defianceetfs.com.
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SOURCE Defiance ETFs