D24 Fintech: Crypto Gaming and NFT ETFs Edge Closer to the Mainstream

Crypto gaming ETFs and NFT-linked investment products could soon move closer to the mainstream, as regulators continue to clarify the framework surrounding crypto-based funds. In response, ETF issuers are exploring new ways to give investors exposure to blockchain-driven sectors, including tokenised gaming ecosystems and NFT marketplaces.

According to D24 Fintech, as digital gaming increasingly integrates blockchain mechanics — from in-game tokens to player-owned digital assets — ETFs could evolve to target crypto gaming studios, platform tokens and supporting hardware developers. Companies such as EA, Unity Software, Roblox, AppLovin and Nintendo are already being highlighted as potential candidates for future thematic portfolios.

Shreenath Iyer, Chief Marketing Officer at D24 Fintech, said:

> “While the idea of a crypto gaming ETF might sound futuristic, the model does already exist. For instance, VanEck Video Gaming and eSports ETF (ESPO), which tracks the MVIS Global Video Gaming & eSports Index, has grown to nearly $500 million in assets under management in 2025. > > “NFT ETFs are also gaining traction. Many existing funds don’t hold NFTs themselves but instead invest in publicly listed companies active in the NFT space. Nevertheless, Canary Capital’s proposed $PENGU ETF could act as a significant catalyst. The filing combining the $PENGU token on Solana with Ethereum-based Pudgy Penguins NFTs will be the first U.S. ETF designed to include NFTs directly and, if approved, would signal the start of a new class of digital asset funds.”

Unlike traditional crypto ETFs that hold assets such as Bitcoin, crypto gaming and NFT ETFs adopt a broader, thematic approach. These funds track companies or tokens linked to high-growth, high-volatility segments of the digital economy. While this diversification offers wider opportunity, analysts warn that adoption challenges and ongoing regulatory uncertainty could heighten risk.

> “Despite the risks, D24 Fintech foresees that investor demand for thematic ETFs is consistent,” Iyer added. “Funds focused on esports, metaverse, or AI innovation demonstrate that investors are keen on transformative trends. However, market sentiment is shifting, with young traders moving towards AI and real-world asset narratives, while institutional investors remain cautious about gaming-related exposure. > > “Meanwhile, the next wave of capital from institutions and pension funds tends to be older and less interested in gaming-related themes, making it even harder for such ETFs to attract large inflows. So, while there’s potential, it’s uncertain whether a crypto gaming or NFT ETF would gain traction, at least until a new narrative or use case revives interest in these sectors. > > “Fractional NFTs, tokenised in-game assets, and hybrid equity-token ETFs could define the next evolution of blockchain investing. At D24 Fintech, we believe that, as digital assets become more regulated and interoperable, ETFs that blend traditional equities with token exposure could act as a bridge between the stock market and Web3,” concluded Iyer.