BLOK ETF Surpasses $1 Billion in Assets
Amplify ETFs is thrilled to announce the Amplify Transformational
Data Sharing ETF (NYSE: BLOK) has surpassed $1 billion in assets
under management. BLOK is an actively-managed ETF comprised of
companies involved in blockchain technology. The ETF also currently
holds a position in the Bitcoin Investment Trust.
“Just over three years ago we launched the first
actively-managed ETF focused on the dynamic market segment of
blockchain-related stocks,” said Amplify CEO Christian Magoon.
“BLOK has provided investors with additional portfolio
diversification through its unique portfolio makeup that includes
the Bitcoin Investment Trust. Blockchain technology is primarily
known for one application today: cryptocurrency. However, there is
a fast-growing universe of applications for blockchain technology.
We believe the growth of crypto is a case study on the values
blockchain technology delivers when it comes to trust, data
sharing, efficiency and transparency.”
BLOK is actively-managed by ETF sub-adviser Toroso Investments,
LLC (Emerita Capital and EQM Indexes act as strategic research
providers). In pursuing BLOK’s investment strategy, Toroso seeks
investments in companies across a wide variety of industries that
are leading in the research, development, utilization and funding
of blockchain technologies. In addition, the portfolio managers may
invest indirectly in bitcoin or other cryptocurrencies through
other indirect investment vehicles.
Investors can learn more at https://amplifyetfs.com/BLOK.
Also, Amplify is hosting a webcast covering the topic of
blockchain on Wednesday, February 24 at 2p ET. This webcast is for
registered investment professionals only; register here:
About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, has over $4.7
billion in assets across its suite of ETFs (as of 2/17/2021).
Amplify believes the ETF structure empowers investors through
efficiency, transparency and flexibility. Amplify ETFs deliver
expanded investment opportunities for growth, capital preservation,
and income-focused investors.
Contact: Gregory FCA for Amplify ETFsKerry
PerformanceQuarter End as of 12/31/20
Fund Inception Date: 1/17/2018
The performance data quoted represents past performance.
Past performance does not guarantee future results. The investment
return and principal value of an investment will fluctuate so that
an investor's shares, when sold or redeemed, may be worth more or
less than their original cost and current performance may be lower
or higher than the performance quoted. Short-term performance, in
particular, is not a good indication of the fund’s future
performance, and an investment should not be made based solely on
returns. For performance data current to the most recent month-end
please call 855-267-3837 or visit
BLOKETF.com. Brokerage commissions will
reduce returns. The Fund’s gross expense ratio is 0.90%, with a
0.20% fee waiver1 that makes the
net expense ratio 0.70%.
1Pursuant to a contractual agreement, the Fund’s investment
adviser has agreed to waive management fees of 0.20% of average
daily net assets until March 1, 2021.
Carefully consider the Fund’s investment objectives,
risk factors, charges and expenses before investing. This and
additional information can be found in the Fund’s statutory and
summary prospectus, which may be obtained by calling 855-267-3837
or by visiting AmplifyETFs.com.
Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of
principal. Shares of any ETF are bought and sold at market price
(not NAV), may trade at a discount or premium to NAV and are not
individually redeemed from the Fund. The Fund's return may not
match or achieve a high degree of correlation with the return of
the underlying Index.
The Fund is subject to management risk because it is actively
managed. Narrowly focused investments typically exhibit higher
volatility. A portfolio concentrated in a single industry, such as
companies actively engaged in blockchain technology, makes it
vulnerable to factors affecting the companies. The Fund may face
more risks than if it were diversified broadly over numerous
industries or sectors. Blockchain technology may never develop
optimized transactional processes that lead to realized economic
returns for any company in which the Fund invests. The Fund will
invest at least 80% of the Fund’s net assets in equity securities
of companies actively involved in the development and utilization
of blockchain technologies. Such investments may be subject to the
following risks: the technology is new and many of its uses may be
untested; theft, loss or destruction; competing platforms and
technologies; cybersecurity incidents; developmental risk; lack of
liquid markets; possible manipulation of blockchain-based assets;
lack of regulation; third party product defects or vulnerabilities;
reliance on the Internet; and line of business risk. The investable
universe may include companies that partner with or invest in other
companies that are engaged in transformational data sharing or
companies that participate in blockchain industry consortiums. The
Fund will invest in the securities of foreign companies. Securities
issued by foreign companies present risks beyond those of
securities of U.S. issuers.
The Fund may have exposure to cryptocurrencies such as bitcoin
indirectly through investment funds, including through an
investment in the Bitcoin Investment Trust (“GBTC”), a privately
offered, open-end investment vehicle. Even when held indirectly,
investment vehicles like GBTC may be affected by the high
volatility associated with cryptocurrency exposure. Holding a
privately offered investment vehicle in its portfolio may cause the
Fund to trade at a premium or discount to NAV. Many significant
aspects of the U.S. federal income tax treatment of investments in
cryptocurrencies are uncertain and such investments, even
indirectly, may produce non-qualifying income for purposes of the
favorable U.S. federal income tax treatment generally accorded to
regulated investment companies.
Amplify Investments LLC is the Investment Adviser to the Fund,
and Toroso Investments, LLC serves as the Investment
Amplify ETFs are distributed by Foreside Fund Services, LLC.
A video accompanying this announcement is available
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