BLOK ETF Celebrates 3-Year Anniversary, Surpasses $500 Million in Assets
BLOK’s portfolio of blockchain-related stocks and indirect bitcoin exposure is up
CHICAGO, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Amplify ETFs is pleased to announce the Amplify Transformational Data Sharing ETF (NYSE: BLOK) has surpassed
“Just over three years ago we launched the first actively-managed ETF focused on the dynamic market segment of blockchain-related stocks,” says Christian Magoon, CEO of Amplify ETFs. “BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust. We continue to see a bright future for blockchain technology and its many applications.”
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.
About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, has over
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BLOK Performance
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 | |
Fund NAV | 17.10% | 45.12% | 75.15% | 88.18% | 83.16% | 88.18% | 22.72% |
Closing Price | 17.68% | 45.40% | 76.60% | 90.07% | 84.13% | 90.07% | 22.94% |
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
1Pursuant to a contractual agreement, the Fund’s investment adviser has agreed to waive management fees of
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
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 Sub-Adviser.
Amplify ETFs are distributed by Foreside Fund Services, LLC.