New planned ETF aims at NFT-related shares

New planned ETF aims at NFT-related shares

The private label ETF-Mittent Exchange Traded Concepts plans the introduction of an index-secondary ETF that aims at NFT companies.

The ETF, which depicts an index of the Fount Investment Company, is intended to pursue the performance of companies that develop, manufacture, sell or sell products or services in partial industry of token technology href = "https://www.sec.gov/archives/data/1452937/0001390022011649/S13566_485apos.htm"> An official disclosure on Thursday .

This includes art and entertainment, games, blockchain technology and NFT infrastructure (non-fungible tokens).

"The income for the forecast for one year is checked by every token economy company, and only companies that are expected to achieve more than 50 % of their income from a partial industry of token technology may be included in the index," says the submission.

The disclosure finds that NFTS are a way for individuals to own, collect and sell digital works of art. But the company predicts that these non -fungible tokens also "change traditional business models that are operated in the gambling industry".

By integrating NFTs into games, a play-to-earn model is introduced, in which players can earn unique assets such as land, characters and costumes that can be traded or sold.

The future of NFTS

Manager from Pantera Capital, which has $ 1 billion for a blockchain fund, gaming described as "a huge sector for the coming years", and said that NFTS will be contributed to achieving this.

The crypto exchange FTX presented a new gaming department last month that enables developers to start tokens and build NFTs in their online worlds.

The blockchain software technology company Consensys said that it wanted to use NFTs to integrate the next ten million users into their main product Metamask, and explore conservation, fractionation, swapping and lending.

beyond collector's pieces said Johnna Powell, global co-manager of Consensys NFTS, that the curriculum vitae, the medical record or the driver's license could be NFTS.

"NFTS are essentially a structural innovation," said Nick Emmons, CEO of Upshot, last month during an ethdenver panel. "If more and more exotic and esoteric financial instruments and vehicles come online, they are shown as NFTs and can fill out the rest of this image of a really decentralized, expressive financial system."

in the absence of spot crypto-ETFS

The number of registered and on the market has increased in the past few months, since the Securities and Exchange Commission has not yet approved ETF that would invest directly in Bitcoin.

The sec leaned on Thursday Spot-Bitcoin-ETF suggestions from Fundmemittenter from nydig and Global X .

Exchange Traded Concepts launched the Fount Metaverse ETF (MTVR) in October. The fund manages a fortune of around $ 11 million.

Defiance ETFs launched its Digital Revolution ETF (NFTZ) in December, which invests in NFT marketplaces and issuers. This product is currently also managing assets of around $ 11 million.

The submission from Thursday contained neither a ticker nor a cost rate for the proposed fountic token economy ETF. A spokesman for the company did not immediately answer a request for comment.

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The contribution New Planned Etf Targets NFT-RELATED Stocks is not a financial advice.