BLOK ETF – Amplify Transformational Data Sharing ETF
CHICAGO, Feb. 18, 2021 (GLOBE NEWSWIRE) — 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: https://bit.ly/2YWIOAA
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.
Gregory FCA for Amplify ETFs
Quarter End as of 12/31/20
|Fund Inception Date: 1/17/2018|
|Cumulative (%)||Annualized (%)|
|1 Mo.||3 Mo.||6 Mo.||YTD||Since Inception||1 Yr.||Since Inception|
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…
Read More:BLOK ETF Surpasses $1 Billion in Assets