The Amplify Online Retail ETF (IBUY) declined 4.7% in the second quarter (Q2) of 2024 while the S&P Retail Select Industry Total Return Index returned -4.5%. Over the last year, IBUY is up 3.3% vs. 4.6% for the S&P Select Retail Index.

The Amplify Lithium & Battery Technology ETF (BATT) declined -6.4% for the quarter, while the Solactive Global Lithium Index delivered -13.7%.

Positioned At The Core For Transformational Change BLOK closed the quarter with a 7.83% (NAV return) rebound in the month of June and year-to-date performance of 18.66% (see standardized performance). The portfolio benefited from a massive two part $4.725 billion transformative 12-year deal with Coreweave that repriced the value of the entire Bitcoin Mining sector. This deal was highlighted in last month’s report, but Core Scientific (Core) expanded the deal late in June with an additional $1.225 billion add on deal. Other companies in the sector with the proper infrastructure to pursue HPC/AI (High Performance Computing and Artificial Intelligence) also now have plans to expand in this direction, but this sweet deal may be the strongest and is probably unique to Core. Given the excitement of the returns coming from the MAG7, Bitcoin and AI we are pleased to report that our focus on transformational companies in Blockchain and Tokenization technology delivered such strong momentum in this first half of 2024. While in this first half we are benefiting from the momentum of Core, we do not think this is a singular exponential situation. Again, investors need to think through the implications, consider the internet when it was in its nascent stage and how it completely changed industries and how people engage as consumers.

Chicago, July 30, 2024—Amplify ETFs announces July income distributions for its ETFs.

Chicago, July 30, 2024—Amplify ETFs announces July income distributions for its ETFs.

Audio Commentary by Tim Seymour

Audio Commentary by Tim Seymour

August 14, 2024 – Chicago, IL—Amplify ETFs, a leading provider of exchange traded funds, today announced the scheduled liquidation of three ETFs (the “Funds”).

August 14, 2024 – Chicago, IL—Amplify ETFs, a leading provider of exchange traded funds, today announced the scheduled liquidation of three ETFs (the “Funds”).

Blockchain: No More Lines at the DMV BLOK closed July with a positive NAV return of 3.52% and YTD performance of positive 22.83% (see standardized performance). Then August hit, and market volatility erupted. This, of course, has had a negative effect on the price action of Bitcoin, ETF flows, and many of the stocks in the portfolio that tend to be high beta. However, while the correction in price is a challenge to watch, it does not change the momentum of the infrastructure buildout in Blockchain or, according to our research, the long-term trend around Bitcoin adoption.