Amplify ETFs Launches the Amplify Digital & Online Trading ETF (NYSE: BIDS)
Amplify ETFs announces the launch of the Amplify Digital &
Online Trading ETF (NYSE: BIDS), an index-based ETF that seeks to
capitalize on the rise of digital and online trading of securities
and digital assets. BIDS seeks investment results that generally
correspond to the BlueStar® Global E-Brokers and Digital Capital
Markets Index (the “Index”).
Online-focused brokerage firms, as well as digital asset
marketplaces, represent two elements of a fast-growing segment
within financial services that traditional financial stock
benchmarks ignore. Lower trading costs, convenient user interfaces,
and the rise of digital assets are just several factors driving
demand for online trading today. This demand, coupled with powerful
yet accessible portfolio management tools, is creating a compelling
value proposition for both first-time and veteran investors.
“Technological and investment service innovations are just
beginning to democratize access to stocks, bonds and digital asset
classes around the globe,” said Christian Magoon, CEO of Amplify
ETFs. “Modern investors have demonstrated their preference for
convenient and low-cost access to online wealth management. BIDS
seeks to capitalize on these trends, still in their infancy, with
an eye toward continued market share growth across all investor
Companies in the Index must derive at least 50% of revenue from
online brokerage, digital asset capital markets, trading platform
technology or market making activities.
The top 5 Index holdings (as of 9/20/2021) are: Robinhood
(HOOD), Schwab (SCHW), Coinbase (COIN), MarketAxess (MKTX), and
SoFi Technologies (SOFI).
Investors can learn more about BIDS at AmplifyETFs.com/BIDS.
About Amplify ETFs Amplify ETFs, sponsored by
Amplify Investments, has over $4.7 billion in assets across its
suite of ETFs (as of 8/31/2021). Amplify believes the ETF structure
empowers investors through efficiency, transparency and
flexibility. Amplify ETFs deliver expanded investment opportunities
for investors seeking growth, income and risk-managed
About MV Index Solutions (mvis-indices.com)MV
Index Solutions GmbH (MVIS®) develops, monitors and licenses the
MVIS Indices, a selection of focused, investable and diversified
benchmarks. MVIS is the owner and serves as the index provider of
the BlueStar® Global E-Brokers and Digital Capital Markets Index.
The current portfolio of MVIS/BlueStar Indices reflects the
company's in-depth expertise in thematic, emerging markets, fixed
income, hard asset and digital asset benchmarks.
Sales Contact: Amplify ETFs 855-267-3837
Media Contact: Gregory FCA for Amplify ETFs Kerry Davis
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 prospectus, which
may be obtained above or 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 is not actively
managed. The Fund invests in securities included in its Index
regardless of their investment merit.
The Fund is susceptible to potential operational risks through
breaches in cybersecurity. While the Fund will not directly invest
in digital assets, certain of the Fund’s investments may be subject
to the risks associated with investing in digital assets. The
technologies underpinning digital assets are highly disruptive, and
the future successes of such technologies are highly uncertain.
Online brokerage or trading platforms, such as robo-advisors, make
use of information that originated and is documented in electronic
form. As such, investments in platforms who employ these types of
technology are susceptible to risks associated with such electronic
Financial companies, such as retail and commercial banks,
brokerage firms, insurance companies and financial services
companies, are especially subject to the adverse effects of
economic recession, currency exchange rates, extensive government
regulation, decreases in the availability of capital, volatile
interest rates, portfolio concentrations in geographic markets,
industries or products and competition from new entrants and
blurred distinctions in their fields of business. The Fund may
invest in securities of companies that have just conducted an IPO,
and the market value of companies that have recently undergone an
IPO may fluctuate considerably.
The platforms in which the Fund may invest may have a higher
risk profile and be more volatile than companies engaged in lines
of business with a longer, established history and such investments
should be viewed as longer term investments. Many of the online
lending and trading platforms are in the early stages of
development and have a limited operating history. SPACs have no
operating history or ongoing business other than seeking
acquisitions. The value of a SPAC’s securities is particularly
dependent on the ability of its management to identify and complete
a profitable acquisition.
Amplify Investments LLC serves as the Investment Adviser and
Penserra Capital Management, LLC serves as Sub-Adviser to the
Amplify ETFs are distributed by Foreside Fund Services, LLC.
Amplify ETF Trus (NYSE:BIDS)
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