Blockchain is Replacing Trust with Truth BLOK ETF rebounded 7.17% (NAV return) in May and closed the month up 10.83% YTD (view standardized performance). The biggest contributor to this performance was Core Scientific (CORZ) stock, the Fund’s largest position in the Bitcoin mining category. CORZ took a moonshot up 62% and nearly half of the month’s attribution came from upside in CORZ stock and bonds, together adding about 2% and MicroStrategy adding 1.43%. We only highlight investments that move the needle by greater than 1% in this section.

Leading ETF provider celebrated for excellence in digital asset solutions Amplify ETFs, a leading provider of innovative exchange-traded funds, is thrilled to announce that it has been honored with a prestigious With Intelligence Mutual Fund and ETF Award, highlighting its commitment to delivering cutting-edge investment solutions.

Leading ETF provider celebrated for excellence in digital asset solutions Amplify ETFs, a leading provider of innovative exchange-traded funds, is thrilled to announce that it has been honored with a prestigious With Intelligence Mutual Fund and ETF Award, highlighting its commitment to delivering cutting-edge investment solutions.

Chicago, June 27, 2024—Amplify ETFs announces June income distributions for its ETFs.

Chicago, June 27, 2024—Amplify ETFs announces June income distributions for its ETFs.

Audio Commentary by Tim Seymour

Audio Commentary by Tim Seymour

COMMENTARY The end of June also wraps up the first half of 2024 and was certainly full of surprises, not unlike a typical year. Investor sentiment shifted from wondering if the rally was sustainable to wondering how high the market could go. In fact, the S&P 500 averaged a new all-time high approximately every four days through the first half of the year. Looking forward, the second half of the year will likely continue to have surprises with an election, potentially the first (or second) rate cut by the Fed and seasonal market forces that should keep investors engaged and likely be full of surprises.

COMMENTARY July has historically been a strong month for the equity markets before seasonal volatility tends to show up in the late Summer and early Fall. While the month got off to a good start, concerns about a slowing economy and softer than expected Q2 earnings started to weigh on investor sentiment. The CBOE Volatility Index (VIX) jumped above 18 at the end of the month, a level not seen since April. Healthy markets don’t go up in a straight line so some level of reaction to the incoming data is welcome. Looking ahead, all eyes will likely remain on the Federal Reserve and incoming economic data to help guide expectations around the economy and overall interest rate policy.

Audio Commentary by Tim Seymour