The first exchange-traded fund focused on NFTs and metaverse assets has announced the shutdown as the crypto winter continues to claim more victims.

The Defiance Digital Revolution ETF, which trades on the New York Stock Exchange under the symbol NFTZ, will close at the end of February, according to a recent press release. The fund will begin liquidating its portfolio assets from February 16 and will not accept orders for newly created units after that day.

“Prior to the liquidation date, shareholders may only be able to sell their shares to certain broker-dealers, and there is no guarantee that there will be a market for the Fund’s shares during that time period,” the announcement reads.

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