Widely hailed as the world’s first NFT-focused exchange-traded fund (ETF), NFTZ is currently shutting down, Decrypt reported. Defiance ETF announced that it will “close and liquidate” its Defiance Digital Revolution ETF NFTZ by February 28.

Launched in December 2021, NFTZ tracks companies involved in the NFT and cryptocurrency space, including toy collectibles company Funko, online marketplace Ebay and digital asset exchange Coinbase. The fund's shares are listed on the New York Stock Exchange.