BLOK: Speculative Bet On Bitcoin Highs

Josh Arnold
24.79K Followers

Summary

  • Amplify Transformational Data Sharing ETF is a blockchain-focused fund that invests in companies involved in blockchain-based data sharing technology.
  • BLOK is heavily skewed towards Bitcoin-focused companies and has a high turnover rate and volatility.
  • The fund has a strong correlation to Bitcoin and its performance is currently undervalued relative to Bitcoin, making it an attractive investment for those bullish on Bitcoin.
Blockchain

Floriana

The world of exchange-traded funds is fascinating. The industry has exploded in popularity such that there are countless funds that track any number of things you can possibly think of. One of those things that’s relatively new in the world of investing

If you liked this idea, sign up for a no-obligation free trial of my Seeking Alpha Marketplace service, Timely Trader! I sift through various asset classes to find the best places for your capital, helping you maximize your returns. Timely Trader seeks to find winners before they become winners, and keep you out of losers. In addition, you get access to our community via chat, direct access to me, real-time price alerts, a model portfolio, and more.

Sign up today!

This article was written by

24.79K Followers
Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow. Josh is the leader of the investing group Timely Trader where he focuses on limiting risk and maximizing potential reward. Features of Timely Trader include: real-time alerts, a model portfolio, technical charts, sentiment indicators, and sector analysis to find the best trading opportunities. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BLOK over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About BLOK ETF

SymbolLast Price% Chg
Expense Ratio
Div Frequency
Div Rate
Yield
Assets (AUM)
Compare to Peers

More on BLOK

Related Stocks

SymbolLast Price% Chg
BLOK
--