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Blockchain-based Amplify Transformational Data Sharing ETF surpasses USD170m in AUM

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Amplify ETFs’ newly launched blockchain-focused ETF, the Amplify Transformational Data Sharing ETF (BLOK), has surpassed USD170 million in assets under management in its first eight trading days.

 
BLOK, which began trading on 17 January, provides access to an actively-managed basket of global companies at the forefront of blockchain-based technology. This responsive portfolio management approach allows the ETF to adjust to the daily pace of blockchain-related investment opportunities and risks.
 
“BLOK has delivered a convenient way for investors to participate in leading publicly-traded companies that are engaged in blockchain-based research, investment and revenue creation,” says Christian Magoon, CEO of Amplify ETFs. “We believe BLOK’s market-leading assets under management and daily share volumes are due to it being the only actively-managed investment approach within the blockchain ETF market segment. The pace of development in blockchain stocks disadvantages an index, which may only buy and sell stocks twice a year. In addition, we believe BLOK’s team of portfolio managers and research providers offer significant value to the shareholders of the ETF industry’s first-to-be-filed and largest blockchain-based ETF.”
 
BLOK is managed by Toroso Investments, LLC and Exponential ETFs. The two sub-advisers utilise a robust, structured process and follow a strict selection methodology to identify the leading publicly-traded companies that are actively engaging in the development and utilisation of blockchain technologies. From there, the managers classify the companies given how much revenue they derive from blockchain-related business and manage its placement and weighting in the portfolio based on company fundamentals, valuation and relevant news.
 
The launch of BLOK is consistent with Amplify’s value proposition to bring first-to-market products across growth and income segments. 

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