BLOK - Amplify Transformational Data Sharing ETF
| Previous Close | 18.70 |
| Open | 0.00 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 800 |
| Day's Range | 0.00 - 0.00 |
| 52 Week Range | |
| Volume | 0 |
| Avg. Volume | 25,898 |
| Net Assets | 100.18M |
| NAV | 18.75 |
| PE Ratio (TTM) | N/A |
| Yield | 1.05% |
| YTD Daily Total Return | 26.04% |
| Beta (3Y Monthly) | 0.00 |
| Expense Ratio (net) | 0.70% |
| Inception Date | 2018-01-16 |
- Zacks
Facebook Crypto Plan on Rocky Ground: ETFs Under Pressure
Facebook CEO Zuckerberg sees regulatory hurdle for Libra project. This has hit the crypto space hard, which in turn may build pressure on these ETFs.
- ETF Trends
U.S. Could Lose in the End of a “Global Technology Race”
Reserving a seat at a celebrity chef’s restaurant with a 3-month wait has proven to be an easier task than getting a cryptocurrency-related exchange-traded fund (ETF) on a major U.S. exchange. Call it due diligence by U.S. regulators, but in the long term, this means that the U.S. could lose in the end of a “global technology race” according to some analysts. Facebook’s crypto project “Lira” is finding out quickly that launching any effort involving cryptocurrencies in the U.S. will face resistance.
- ETF Trends
Blockchain, Cryptocurrencies Offer a Plethora of Opportunities
With the rapid ascension, subsequent fall, and now possible stabilization of Bitcoin, Blockchain and crypto have moved from specialty assets to become a part of the vernacular. This makes them of special interest to investors looking to hedge their portfolios, in some cases even functioning as apparent safe havens alongside traditional assets like precious metals and Treasurys. Toroso Asset Management focuses on the Blockchain and cryptocurrency universe, seeking to identify companies that are winners in the space via the Amplify Transformational Data Sharing ETF (BLOK). BLOK is managed by Toroso Investments and Exponential ETFs.
- Zacks
Are Blockchain ETFs Set to Rally?
Blockchain ETFs should rally in the coming days on widespread adoption of initiatives related to digital or cryptocurrencies.
- Zacks
VanEck, SolidX Pull Out Bitcoin ETF Proposal From SEC Review
VanEck-SolidX ETF proposal is withdrawn from the SEC review list for the second time this year.
ETF.comBlockchain ETFs Stall Despite Returns
These funds have been delivering quite a performance, but demand is not following.
- Zacks
Van Eck, SolidX Attempt to Bring a Partial Bitcoin ETF
Institutions such as banks and hedge funds to get a bitcoin ETF from Van Eck Securities Corp. and SolidX Management LLC.
- Investopedia
3 Blockchain ETFs to Buy in 2018
Blockchain is disrupting the financial services industry. Discover three ETFs that provide exposure to this game-changing technology.
- ETF Database
Amplify Seymour Cannabis ETF Launches on NYSE
A new actively-managed cannabis ETF that seeks to provide exposure to the fast-developing global cannabis industry debuted today: the Amplify Seymour Cannabis ETF (NYSE Arca: CNBS).
- Zacks
Facebook Crypto Plans in Doubt, Blockchain ETFs in Focus
U.S. lawmakers questioned Facebook (FB) on its cryptocurrency plans and raised concerns related to privacy and trust. Bitcoin felt the pressure but blockchain ETFs managed to survive.
- Benzinga
Bouncing Back To Blockchain ETFs
The Securities and Exchange Commission bars fund issuers from using the word “blockchain” in fund names, but there are some exchange traded funds that are positioned as blockchain funds. The oldest of ...
- InvestorPlace
5 Funds to Consider for Bitcoin’s Resurgence
As has been widely reported, stocks tumbled in May with S&P 500 losing 5.67%. Indeed, riskier assets were not in style last month, but there was at least one exception: bitcoin. The largest digital currency by market capitalization surged 67% last month. After starting at $5,265 on May 1, bitcoin closed around $8,900 on May 31.Bitcoin's May performance is all the more impressive when considering U.S. regulators continue delaying decisions on ETFs linked to the cryptocurrency. Last month, the SEC again delayed a decision on the fate of a bitcoin ETF proposed by VanEck and fintech firm SolidX Management LLC.While data suggest a majority of investing Americans would prefer to access bitcoin via an ETF, the SEC is no hurry to approve a bitcoin ETF.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Bank Stocks to Leave in the Vault It could be a while before regulators give the greenlight for cryptocurrency ETFs, but here some funds that can investors involved with bitcoin. Grayscale Bitcoin Investment Trust (GBTC)Source: Shutterstock Expense ratio: 2%, per year, or $200 on a $10,000 investment.The Grayscale Bitcoin Investment Trust (OTCMKTS:GBTC) was one of the first vehicles using the fund structure to give investors exposure to bitcoin, but to be clear, GBTC is not structured as an ETF.GBTC, which represents fractional bitcoin ownership, "enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping bitcoins," according to Grayscale.There are some drawbacks with GBTC, including an expense ratio that is well above the average fee found on ETFs -- or even actively managed mutual funds. Additionally, GBTC is currently closed to new investors, but interested parties should continue checking the fund's website because GBTC is periodically opened throughout the year.Finally, GBTC can often trade at significant premiums to bitcoin. Based on the fund's recent closing price, it reflects a bitcoin price north of $11,000, not the digital asset's true prices of just under $9,000. Grayscale Digital Large Cap FundSource: Shutterstock Expense ratio: 3%The Grayscale Digital Large Cap Fund, which debuted in February 2018, is an idea, albeit a pricey one, for investors looking for exposure to multiple digital currencies, including bitcoin."Grayscale Digital Large Cap Fund enables investors to gain exposure to the price movement of a diversified mix of large cap digital assets through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping digital assets," according to the issuer. * 5 Stocks Under $10 With Big Upside Potential The fund devotes 70% of its weight to bitcoin and also has allocation to ethereum, XRP, bitcoin cash and litecoin. This bitcoin spent its first year on the market available only to accredited investors (those investors with annual income of $200,000 or a net worth of over $1 million), but it is expected to become available to a wider audience. Amplify Transformational Data Sharing ETF (BLOK)Source: Shutterstock Expense ratio: 0.70%The Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) is a not dedicated bitcoin ETF. It actually does not hold any bitcoin. Rather, BLOK is a play on the blockchain, the digital ledger on which bitcoin transactions are stored. However, blockchain technology has myriad applications beyond the cryptocurrency space.This actively managed, thematic fund holds 52 stocks, including Internet, financial services, bank, software and semiconductor names. BLOK is also a global fund with over 56% of its weight allocated to companies from outside North America.There is a long-term case for BLOK because of the array of industries that adopting blockchain technologies. Blockchain is already being used across the financial services industry, in healthcare and in conjunctions with smartphones and mobile devices. It's also expected to be a cornerstone of connected devices and the Internet of Things theme.Give BLOK some credit, too. It may be showing some correlation to bitcoin because the fund lost just 2.50% last month as the S&P 500 slid 5.67%. ARK Innovation ETF (ARKK)Source: Shutterstock Expense ratio: 0.75%The ARK Innovation ETF (NYSEARCA:ARKK) is not a cryptocurrency ETF, but it merits a place in this conversation because, at one point, ARKK held a sizable position in the aforementioned GBTC. ARKK is an actively managed fund so it can move in and out of positions, meaning it is possible that the fund will eventually renew its bitcoin exposure.ARKK's managers deserve some credit for their crypto expertise. The fund surged in 2017 as digital currencies prices soared, but ARKK's management team trimmed its GBTC exposure in early 2018, just before bitcoin plunged.Companies found in ARKK include "DNA technologies, industrial innovation in energy, automation and manufacturing, the increased use of shared technology, infrastructure and services and fintech," according to the issuer. * 4 CBD Stocks to Buy for Mainstream Marijuana Profits Currently, ARKK's headwind is not bitcoin exposure or lack thereof. It is a 10% weight to Tesla Inc. (NASDAQ:TSLA). The Bitwise 10 Private Index FundSource: Shutterstock Expense ratio: 2.50% of assets under management.The Bitwise 10 Private Index Fund is the first crypto-based index fund and it holds the 10 largest digital currencies. Those assets are weighted by five-year diluted market values.The fund devotes nearly two thirds of its weight to bitcoin with ethereum and ripple combining for 20.10% of the fund's weight. Assets in the fund are rebalanced on a monthly basis and the minimum investment is $25,000."Assets are held in 100% cold storage, audited annually, and purchased across several liquidity providers to seek best execution," according to Bitwise. "Bitwise actively evaluates network opportunities including hard forks, airdrops, staking rewards, super- and master-node rewards, and emissions, and captures available benefits for fund investors where appropriate."For the three months ending April 30, the fund returned 47.40%.Todd Shriber does not own any of the aforementioned securities.Compare Brokers The post 5 Funds to Consider for Bitcoin's Resurgence appeared first on InvestorPlace.
- Zacks
Will Bitcoin's Solid May Rally Last? ETFs in Focus
Bitcoin had the best one-month rally in May. Will the rally last and how can investors play this short-term surge with ETFs?
- Zacks
Yet Another SEC Disapproval for Bitcoin ETF: What Next?
The U.S. Securities and Exchange Commission (SEC) has postponed its ruling once again for a Bitcoin ETF proposal submitted by firm VanEck.
- Zacks
5 Tech ETFs Up About 20% This Year, Still Have Room to Run
Though renewed trade tensions weighed on the tech ETF space heavily, the emergence of cutting-edge and disruptive technology should keep the space floated.
- Zacks
Will the Bitcoin Bounce Last? ETFs in Focus
On Apr 2, bitcoin marked its biggest one-day rally since April last year. Will the rally last and help these ETFs?
- Zacks
7 Promising ETFs Under $20
Let us dig into some of the ETFs that are below $20, and have AUM of over $50 million and average daily volume of at least 50,000 shares.
- Zacks
5 Rising Technology ETFs in 2019
These ETFs belonging to the artificial intelligence and related platforms are performing strongly this year.
- Zacks
Will 2019 See a Bitcoin ETF?
Bitwise files for a physical bitcoin ETF while SEC extends the review period for VanEck fund till late February.
- Motley Fool
Better Buy: Bitcoin Investment Trust vs. Amplify Transformational Data Sharing ETF
These are two very different ways to invest in cryptocurrencies and blockchain technology.
