The newly launched First NFT Focused ETF (NYSEARCA:NFTZ), which is the first exchange traded fund to concentrate its efforts towards NFT's (Non-Fungible Tokens), has dropped 10.9% in less than 48 hours of trading. NFTZ has flopped out of the gates -9.1% on Friday. NFTZ is struggling as its top holding Silvergate Capital Corp. (NYSE:SI) is down 15%, and other top 10 holdings such as Marathon Digital Holdings (NASDAQ:MARA), Plby Group (NASDAQ:PLBY), and Cloudfare (NYSE:NET)are all down big as well. MARA is -10.4%, PLBY is -7.5%, and NET is -5.6%. Below is a two-day intraday five-minute chart showing the sweeping downticks of NFTZ. For investors unfamiliar with Non-Fungible Tokens, they are digital depictions of specific items, such as digital artwork, songs, or other items. NFTs can be transacted amongst society through the use of blockchain technology and cryptocurrencies. NFTZ plans to track the BITA NFT and Blockchain Select Index. The ETF also trades on the New York Stock Exchange
