LINK (LN) is a digital token created by Line Corporation is a subsidiary of the South Korean internet search giant Naver Corporation. LINK is the digital token that powers the LINE token economy. LINK can be used to pay for or receive benefits from various LINE service categories, such as content, commerce, social, gaming, and digital asset exchange. LINK holds a minimum value of USD 5 when used for payment within the LINE ecosystem, but can rise in value according to market conditions.
The fund promises exposure to the digital asset and NFT industry through investment in the shares of major crypto companies.
While the U.S. market an area or arena, online or offline, in which commercial dealings are conducted. continues to wait for the approval of the first ETF (exchange-traded fund) ofBitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. “physical”, other investment products related to the crypto space are entering the market.
The cryptocurrency companyDefiance announced that it is launching, what it claims, is the first ETF linked to thetokens non-expendable property (NFT). While does not invest investing is when you put money in a financial scheme with the intent of making a gain. directly in digital collectibles the fund, called ‘.Defiance Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. Revolution ETF an Exchange-traded Fund, an investment fund that users trade on exchanges and trading platforms. ‘ (stock symbol: NFTZ), tracks an index comprised of blockchain and NFT companies.
“ offers investors thematic exposure to the NFT (Non-Fungible Tokens), Blockchain and cryptocurrency ecosystems, including NFT marketplaces and issuers such as Coinbase and Playboy” said the firm in a statement. For her part, the investment director ofDefiance ETFsSylvia Jablonski, commented on the matter toBloomberg.
[The fund] is a great way for investors to access not only the fast-growing Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. technology side of the digital world, but the companies involved in the resurgence of NFTs.
ETFs with exposure to the crypto and NFT industry
One of the main attractions of the new investment vehicle fromDefiance is its link to the burgeoning NFT market, which over the past month has generated nearly $1.8 billion in revenue, according to data from NonFungible .
Como tal, el fondo está basado en el índice BITA NFT y Blockchain Select, formado por empresas que cotizan en las bolsas de valores de Norteamérica y Europa y que están relacionadas con la tecnología distribuida.
According toBloombergthe The ETF’s main positions are in leading companies in the crypto industry. como , Silvergate Capital capital is most commonly defined as the large sum of money you would use to invest. y none one of the most well-known mining companies in the ecosystem. Also included areCloudflare,Marathon Digital Holdings,Hut 8 Mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. Corpamong others.
The Index is comprised of companies listed on exchanges in North America and Europe and aims to capture the upside potential generated by gains gains refer to an increase in value or profit. related to the adoption of cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. and blockchain-related technologies, including NFTs.
From the group of companies,Coinbase is an American company that operates a cryptocurrency exchange platform. stands out as one of the largest players in the space. The San Francisco-based company entered the NFT market this year after announcing a collectibles trading platform. While this marketplace has yet to launch, it has already generated great expectations among users. More than 1 million users have registered on the platform.
According to the official communiqué ofDefianceThe fund expects to hold more than 25% of its total assets in the securities of cryptocurrency and cryptocurrency companies.Blockchain. “The companies in this index are key players in the construction of Web 3.0.“, aggregó Jablonski.
“NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. could be bigger than the Internet“
NFTs are scarce assets based onBlockchain that can represent and demonstrate ownership of almost any object in the digital (and physical) world. The rise of this market has been driven by the entry of NFTs into a variety of industries, from the traditional art world, to music, to film, to the sports industry. That and much more.
In conversation withBloombergthe representative ofDefiance shared his view that the NFTs are “part of a special club, a membership, and so the investment takes on this new meaning of social interaction.“. She was also especially optimistic and believes that NFTs could come to impact the world asBitcoin has done so; he even anticipates that “NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). could be bigger than the Internetnone
Las NFT son hoy lo que el Bitcoin era hace 10 años, con la diferencia de que existe una sólida comunidad formada por creadores e inversores que coexisten para determinar el camino futuro de un token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. no fungible.
The news about the first NFT-linked ETF comes a few months after the U.S. Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission (SEC) approved the first futures-based ETF ofBitcoindeProShares. El mercado de EE UU ha visto la llegada de several funds of its kind backed by the crypto derivatives market.
The regulators’ stance was seen as a watershed moment for the cryptocurrency industry, however, the SEC has yet to approve an ETF backed byBitcoin cash. In general, investors are still waiting for the arrival of such an investment product, even though the SEC chairman has hinted at that the agency is not yet ready to approve an ETF with those characteristics.
- Grayscale criticizes SEC for not treating Bitcoin ETFs the same as BTC futures-based ETFs
- Fidelity to launch a spot a contract or transaction buying or selling a cryptocurrency for immediate settlement, or payment and delivery, of the cryptocurrency on the market. Bitcoin ETF in Canada, tired of waiting for a response from the U.S.
- U.S. Congressmen sent letter to SEC supporting a Bitcoin spot ETF
Article by Hannah Estefania Perez / DiarioBitcoin
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