In a recent segment from the Forward Guidance newsletter, the co-portfolio manager of the Amplify Transformational Data Sharing ETF (BLOK), Dan Weiskopf, expressed his optimism about the future of crypto stocks in 2025. He highlighted the potential for more pure-play crypto companies to go public, including stablecoin issuer Circle and Figure Technologies. While the field of bitcoin miners going public is crowded, Weiskopf mentioned cloud-computing firm CoreWeave as a potential investment for BLOK.
Core Scientific, a mining giant, has seen its stock rise by approximately 320% year to date, making it BLOK’s largest holding. Hut 8, another prominent miner, is the ETF’s sixth-largest holding. Weiskopf discussed how they have diversified their investments into the AI sector. MicroStrategy, a stock set to join the Nasdaq 100 index, has also been a significant investment for BLOK since August 2020.
Despite the success of stocks like MicroStrategy and Core Scientific, Weiskopf and co-PM Mike Venuto have reduced BLOK’s exposure to these companies as they exceeded their weighting limits. They are looking to move into other potential success stories in the market. As they await more IPOs in 2025, BLOK has recently started buying shares of Japan-based Metaplanet, which has shown a commitment to adding bitcoin to its treasury.
Weiskopf noted that while more companies are adding BTC to their treasuries, not all of them have a clear strategy for doing so. He highlighted the importance of evaluating companies like Metaplanet, who are dedicated to their BTC purchases. Metaplanet recently announced plans to issue 5 billion yen in ordinary bonds to accelerate their bitcoin acquisitions. This commitment to bitcoin investments sets them apart from other companies in the market.
For investors interested in crypto stocks, BLOK’s holdings offer a valuable opportunity to gain exposure to this dynamic sector. With the potential for more IPOs and emerging opportunities in the market, 2025 is shaping up to be a transformative year for crypto stocks. Weiskopf’s insights provide valuable guidance for navigating the complexities of the crypto market and identifying potential investment opportunities in the coming years.
