Metaplanet has been incorporated into the Amplify Transformational Data Sharing ETF (BLOK), a global index that invests in prominent blockchain companies such as SBI Holding, MicroStrategy, and Nvidia
The Japanese investment firm announced its incorporation into BLOK on November 28, joining a roster of 53 companies that are involved in the development and application of blockchain technology. MicroStrategy, Robinhood, Nvidia, and SBI Holdings are among the prominent industry firms represented in the ETF.
The estimated starting weight of Metaplanet on the BLOK is approximately 2.9%, as indicated in the press release.
Core Scientific, HUT 8, Coinbase, Galaxy Digital, MicroStrategy, and Robinhood are the companies that currently occupy the top positions on the Amplify Transformational Data Sharing ETF Blockchain leaderboard as of November 29.
Amplify ETFs manages BLOK, which employs an active strategy to identify and invest in companies that incorporate blockchain technology into their daily operations. This serves as a resource for investors seeking to inject capital into the blockchain sector.
BLOK has established itself as a highly regarded exchange-traded fund (ETF) in the blockchain investment sector, with a net asset value exceeding $930 million.
Simon Gerovich, the CEO of Metaplanet, disclosed the information on his X account. He stated that Metaplanet’s inclusion in the Amplify Transformational Data Sharing ETF serves to underscore the increasing recognition of the company’s Bitcoin acquisition strategy and its status as “Japan’s leading Bitcoin Treasury Company.”
Metaplanet, which is referred to as “Asia’s MicroStrategy” by market advocates, has amassed a Bitcoin trove of 1,142 BTC, which is currently valued at $109.21 million at current market prices.
Currently, Metaplanet is ranked 14th in the market, with a current market value of $23.04 million and the ticker 3350 JP.
Metaplanet was incorporated into the BLOCK Index, also called the Blockchain Global Equity Index, by CoinShares earlier this month. The performance of 45 companies that engage in blockchain and crypto technology is monitored by the index.
Sumitomo Mitsui Trust Asset Management has reported that Japan regulators are still hesitant to implement spot crypto ETFs, despite the fact that countries such as the United States and Hong Kong have already approved ETFs. This information was previously reported by crypto.news on Oct. 23.
