As a seasoned crypto investor with a keen eye for promising opportunities and a knack for spotting trends, this latest development with Metaplanet being added to the Amplify Transformational Data Sharing ETF (BLOK) has me grinning from ear to ear. The fact that they are joining industry heavyweights like MicroStrategy, Robinhood, and Nvidia is a testament to their growing influence in the blockchain sector.
On the global index known as Amplify Transformational Data Sharing ETF (BLOK), Metaplanet has recently been incorporated. This index focuses on investing in prominent blockchain firms such as SBI Holdings, MicroStrategy, and Nvidia.
On November 28th, it was announced that a Japanese investment firm became part of the BLOK ETF, a group of 53 companies specializing in blockchain technology development and usage. Notable members in this ETF include MicroStrategy, Robinhood, Nvidia, and SBI Holdings, which are key players in the industry.
The press release indicates that Metaplanet is anticipated to begin with a weight of approximately 2.9% on the BLOK. Currently, Core Scientific, HUT 8, Coinbase, Galaxy Digital, MicroStrategy, and Robinhood are the top companies listed on the Amplify Transformational Data Sharing ETF Blockchain leaderboard as of November 29th.
BLOK is overseen by Amplify ETFs and employs an active approach to identify and invest in businesses that employ blockchain technology within their regular functions. This fund serves as a compass for investors seeking chances to infuse funds into the blockchain industry.
As a crypto investor, I’m proud to be part of the growing community that follows BLOK, the ETF that boasts over $930 million in net assets, solidifying its position as a prominent player in the blockchain investment sphere.
According to a post on his X account, CEO Simon Gerovich announced that Metaplanet has been added to the Amplify Transformational Data Sharing ETF. This move underscores the increasing appreciation for Metaplanet’s approach to acquiring Bitcoin (BTC) and solidifies its position as a prominent player in the Japanese Bitcoin holding sector.
Often referred to as “Asia’s equivalent to MicroStrategy,” Metaplanet holds a significant amount of Bitcoin, totaling 1,142 BTC and currently valued at approximately $109.21 million in the present market.
Thrilled to share that Metaplanet is now part of another significant Exchange-Traded Fund, the Amplify Transformational Data Sharing ETF (“BLOK”). This addition underscores the increasing acknowledgement of our dominance as Japan’s foremost Bitcoin Treasury Company. BLOK currently holds a 4.4% share in Metaplanet.
— Simon Gerovich (@gerovich) November 28, 2024
At the moment, Metaplanet is positioned at the 14th spot, using the ticker symbol 3350 JP. Its current market worth amounts to approximately $23.04 million.
This month, it was announced that Metaplanet was added to the CoinShares’ Blockchain Global Equity Index, or BLOCK Index for short. This index monitors the progress of approximately 45 businesses that are involved with cryptocurrency and blockchain technologies.
Previously mentioned in a crypto.news report on October 23rd, regulatory bodies in Japan remain hesitant about implementing spot Bitcoin Exchange-Traded Funds (ETFs), unlike nations such as the U.S. and Hong Kong that have already given their approval for ETFs, based on statements from Sumitomo Mitsui Trust Asset Management.
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2024-11-28 11:28