Metaplanet recently made headlines by being added to the Amplify Transformational Data Sharing ETF, also known as BLOK. This ETF focuses on investing in leading blockchain companies, and Metaplanet’s inclusion is a testament to its growing recognition in the industry.
The Japanese investment firm announced its addition to BLOK on Nov. 28, joining a list of 53 companies that are actively involved in the development and utilization of blockchain technology. With an estimated starting weight of around 2.9% in the ETF, Metaplanet is making its mark in the blockchain investment landscape.
As of Nov. 29, the top spots in the Amplify Transformational Data Sharing ETF Blockchain leaderboard are occupied by companies like Core Scientific, HUT 8, Coinbase, Galaxy Digital, MicroStrategy, and Robinhood. BLOK, managed by Amplify ETFs, takes an active approach to investing in companies that leverage blockchain technology in their daily operations.
With over $930 million in net assets, BLOK has established itself as a prominent ETF in the blockchain sector, attracting investors looking to capitalize on the growth of blockchain technology. Metaplanet’s CEO, Simon Gerovich, expressed his excitement about the firm’s inclusion in BLOK, emphasizing their position as Japan’s leading Bitcoin Treasury Company.
Gerovich highlighted Metaplanet’s Bitcoin acquisition strategy, which has earned them the nickname “Asia’s MicroStrategy.” The firm currently holds 1,142 BTC, valued at $109.21 million based on current market prices. This significant Bitcoin trove has contributed to Metaplanet’s reputation as a key player in the crypto industry.
In addition to being added to the Amplify Transformational Data Sharing ETF, Metaplanet was recently included in CoinShares’ Blockchain Global Equity Index, also known as the BLOCK Index. This index tracks the performance of 45 companies involved in crypto and blockchain technology, further solidifying Metaplanet’s presence in the digital asset space.
Despite the growing acceptance of ETFs focused on cryptocurrencies and blockchain technology in countries like the U.S. and Hong Kong, Japan regulators have remained cautious about adopting spot crypto ETFs. Sumitomo Mitsui Trust Asset Management reported that Japan’s regulatory stance on crypto ETFs continues to be conservative, creating challenges for firms like Metaplanet looking to expand their investment opportunities.
Overall, Metaplanet’s inclusion in prominent ETFs like BLOK and the BLOCK Index reflects the firm’s commitment to innovation in the blockchain and crypto space. As the company continues to grow its Bitcoin holdings and solidify its position as a leader in Japan’s crypto industry, investors are closely watching Metaplanet’s next moves in the dynamic world of digital assets.
