Amplify Blockchain Technology ETF

BLOK

Market cap $1.14B

June saw strong performance in terms of readership across content hubs on ETF Database. The hottest topics ranged from news stemming from the SpaceX IPO to details related to the methodologies underlying certain ETFs.

Several ETFs have added exposure to Space Exploration Technologies (SPCX) after the aerospace giant completed the largest initial public offering in market history. Trading on the Nasdaq, SpaceX surged 19% from its initial $135 offering price to close at $160.95 per share, notching a historic $2.1 trillion valuation.

VettaFi's core mission is to provide the index and distribution solutions that help asset managers build, grow, and navigate the markets with precision. Last week we took a massive, transformational step forward.

Spot Bitcoin ETFs were supposed to be the simplest way to own crypto.

When advisors and investors think about cryptocurrency, “volatility” is typically the first word that comes to mind. However, the digital asset space has also delivered notable bright spots recently, including the expansion into AI infrastructure and a strong performance throughout the month of May.

Crypto equity ETFs (or blockchain ETFs) were once one of the main ways to access the crypto theme in an ETF wrapper. That changed after the January 2024 approval of spot bitcoin ETPs, which gave investors a simpler and more direct way to express a bitcoin view.

Bitcoin mining stocks have outperformed bitcoin itself this year; they're up over 20% versus spot BTC, which is down 11%. What is causing the current divergence between crypto and crypto mining performance?

Amplify Blockchain Technology ETF is downgraded to Hold due to increased bitcoin exposure and lack of near-term catalysts. BLOK's Bitcoin-linked exposure has risen from ~30% to ~40%, reducing its previous diversification edge and increasing reliance on crypto market direction. AI and infrastructure diversification remain, but growth levers in these segments appear saturated and rangebound, limiting upside potential.

Last week, I published an update on the crypto ETF landscape, but one area worth revisiting is crypto equities—particularly Bitcoin miners. For many investors, miners can seem too niche, too volatile, or simply redundant now that spot Bitcoin ETFs exist.

Amplify ETFs CEO Christian Magoon joins CNBC's 'Halftime Report' to discuss the biggest ETF trends amid the Iran War and higher oil prices as investors position for the volatility.