Despite Bitcoin Falling 7%, Amplify Blockchain Technology’s ETF has Soared 32% | BLOK

Group 1 - The Amplify Transformational Data Sharing ETF (BLOK) has gained 32% year-to-date, outperforming the S&P 500's 17% return and Bitcoin's 7% decline, demonstrating that exposure to crypto infrastructure is more beneficial than direct Bitcoin ownership during price fluctuations [2][7]. - Only about 5% of BLOK's portfolio is allocated to spot Bitcoin ETFs, with the majority invested in Bitcoin miners, crypto exchanges, fintech platforms, and chip makers, which can profit regardless of Bitcoin's price [2][7]. - The primary macro factor driving BLOK's performance is the accelerating institutional adoption of blockchain infrastructure, which is expected to create sustainable revenue streams for the companies within the fund [3]. Group 2 - Bipartisan crypto legislation is projected to become U.S. law in 2026, which could enhance the integration of public blockchains with traditional finance, benefiting companies that build crypto infrastructure [3]. - Updates from the SEC and Treasury Department regarding stablecoin frameworks and digital asset custody rules are anticipated, as clearer regulations could facilitate increased institutional investment in blockchain services [4]. - HUT 8 Corp, BLOK's largest holding, has seen a 140% gain in 2025, showcasing how Bitcoin miners can outperform Bitcoin itself due to operational leverage and cost optimization, even when Bitcoin prices are declining [6][7].