Metaplanet shares added to Amplify Transformational Data Sharing ETF

Metaplanet has been added to the Amplify Transformational Data Sharing ETF, or BLOK, a global index that invests in leading blockchain companies such as SBI Holding, MicroStrategy, and Nvidia.

On November 28, the Japanese investment company announced its inclusion in BLOK, joining a group of 53 companies interested in the development and use of blockchain technology. The ETF includes leading industry players such as MicroStrategy, Robinhood, Nvidia and SBI Holdings.

According to the press release, Metaplanet’s estimated initial weight in BLOK will be around 2.9%. As of November 29, the top companies in the Amplify Transformational Data Sharing ETF Blockchain rankings include Core Scientific, HUT 8, Coinbase, Galaxy Digital, MicroStrategy, and Robinhood.

BLOK is managed by Amplify ETFs and serves as a guide for investors seeking opportunities to inject capital into the blockchain sector, leveraging an active strategy to find and invest in companies that use blockchain technology in their daily operations.

BLOK has more than $930 million in net assets and is cementing itself as a widely followed ETF in the blockchain investment landscape.

Metaplanet CEO Simon Gerovich shared the news on his X account. He noted that Metaplanet’s inclusion in the Amplify Transformational Data Sharing ETF further highlights the growing recognition of Metaplanet’s Bitcoin (BTC) acquisition strategy and the firm’s status as “Japan’s leading Bitcoin Treasury Company.”

Dubbed the “MicroStrategy of Asia” by market advocates, Metaplanet has amassed a Bitcoin trove of 1,142 BTC worth $109.21 million at current market prices.

We are excited to announce the addition of Metaplanet to the Amplify Transformational Data Sharing ETF (“BLOK”), its second largest ETF. This participation underscores the growing recognition of our leadership as Japan’s leading Bitcoin Treasury Company. BLOK owns a 4.4% stake in Metaplanet. https://t.co/9mgfCmUtGd pic.twitter.com/d8RgaVUowm

— Simon Gerovich (@gerovich) 28 November 2024

Metaplanet is currently ranked 14th with JP code 3350 and its current market cap is $23.04 million.

Earlier this month, Metaplanet was included in CoinShares’ Blockchain Global Stock Index, also known as the BLOCK Index. The index tracks the performance of 45 companies involved in crypto and blockchain technology.

As previously reported by crypto.news on October 23, regulators in Japan are still reluctant to adopt spot crypto ETFs despite countries such as the United States and Hong Kong already approving ETFs, according to Sumitomo Mitsui Trust Asset Management.