Amplify Transformational Data Sharing ETF
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About BLOK
Blockchain is a revolutionary technology that has the potential to redefine enterprises, ecosystems and economies, transforming the way data is shared. BLOK 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.
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0.69%
150.5K
$51.21
$50.14
$50.36
$53.92
$25.88
What is BLOK stock?
New kids on the BLOK.
Also known as Amplify Transformational Data Sharing ETF, BLOK is an Exchange Traded Fund actively managed by Amplify Investment and made of a portfolio of global equities involved in the development and utilisation of blockchain technologies.
The companies have been specially selected with the understanding they will benefit and profit most from the rapidly moving blockchain technology space.
BLOK ETF leans on the expertise of a variety of firms. These include Toroso Investments as a sub-adviser and portfolio manager, and Emerita Capital and EQM Indexes for strategic research.
What is BLOK invested in?
As of March 2022, BLOK’s stock holdings include 46 companies.
Some of BLOK’s largest holdings include Coinbase (4.93%), Galaxy Digital Holdings (4.53%), Nvidia (4.49%), Silvergate Capital (4.46%), SBI Holdings (4.41%) CME Group (4.26%) and PayPal (3.64%).
BLOK’s two largest industry allocations are in transactions (38%) and crypto mining (23%).
To see a complete list of BLOK’s holdings, click here.
Does BLOK pay a dividend?
Yes, BLOK ETF has distributed dividends at the beginning of January or end of December since its inception in January 2018.
For FY2021, the dividend payout was US$5.75022 per share, a huge increase of 771% from FY2020’s US$0.65799 per share.
Should I buy BLOK ETF?
Some investors see anything to do with blockchain technology as the future of finance. While nobody really knows for sure, the fact U.S. President Biden signed a related Executive Order in March 2022 may be a sign of things to come.
From a statement released by the White House:
“President Biden will sign an Executive Order outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.”
BLOK may be a good buy for investors looking for a way to get diversified exposure to blockchain technologies.
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Open an accountBLOK FAQs
- Find the right investing platform for you. To buy BLOK shares in Australia, you’ll need to open an account with an investing platform that offers the security. Try Stake, you can sign up in minutes.
- Fund your brokerage account. Once you are set up you can deposit into your account with different payment methods.
- Search for BLOK or Amplify Transformational Data Sharing ETF. Find the stock by using the search function and go to the BLOK page.
- Place an order to buy BLOK. Press the ‘Buy’ button and choose an order type to place your trade. Depending on the order type, the trade will go through straight away or when a price target is hit.
- Monitor your portfolio. You’ve now purchased some BLOK shares. Stay on top of your portfolio and monitor its performance. You may be eligible for dividends and shareholder voting rights that affect your stock.
This is not financial product advice nor a recommendation to invest in the securities listed. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
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