CHICAGO--(BUSINESS WIRE)--Amplify ETFs has announced its newly launched blockchain-focused ETF, the Amplify Transformational Data Sharing ETF (NYSE Arca: BLOK), continues to generate strong investor interest and has surpassed $170 million in assets under management in its first eight trading days.
BLOK, which began trading on Jan. 17, 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,” said Christian Magoon, CEO of Amplify ETFs. “We believe BLOK’s market-leading assets under management and daily share volume 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 utilize 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 utilization 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. To learn more about BLOK, visit the Fund website.
About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, has over $590 million in assets across six ETFs for which it is Adviser or Sub-Adviser (as of 1/25/2018). Amplify believes the ETF structure empowers investors through efficiency, transparency and flexibility. Using those benefits as a foundation, Amplify seeks to build ETFs powered by investment strategies from leading index providers and asset managers within unique market segments. AmplifyETFs.com
Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ 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 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 blockchain-based companies, 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. The Fund will make investments in companies developing or utilizing transformational data sharing 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; cyber security 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 Fund will invest in the securities of foreign companies. Securities issued by foreign companies present risks beyond those of securities of U.S. issuers.
Amplify Investments LLC is the Investment Adviser to the Fund, and Toroso Investments, LLC and Exponential ETFs serve as the Investment Sub-Advisers.
Amplify ETFs are distributed by Quasar Distributors LLC.