Blockchain Focused ETF Tops $1 Billion in Assets

The Amplify Transformational Data Sharing ETF (NYSE: BLOK) has surpassed $1 billion in assets under management, according to a release distributed by Amplify. BLOK is actively-managed by ETF sub-adviser Toroso Investments, LLC

BLOK is described as an actively-managed ETF comprised of companies involved in blockchain technology while also holding shares in the Bitcoin Investment Trust.

Amplify CEO Christian Magoon said:

“Blockchain technology is primarily known for one application today: cryptocurrency. However, there is a fast-growing universe of applications for blockchain technology. We believe the growth of crypto is a case study on the values blockchain technology delivers when it comes to trust, data sharing, efficiency and transparency.”

Since its inception over 3 years ago, BLOK has generated an annualized return of over 22%.