An exchange-traded fund that tracks companies that use the technology underpinning cryptocurrencies jumped 6.6% Tuesday morning, and is up about 50% in the year to date as those usages increasingly find favor with investors and end users.
The Amplify Transformational Data Sharing ETF BLOK, +7.75% has posted its sharpest gains since late January, in line with the price of cryptocurrencies like Bitcoin BTCUSD, -3.49%. As a reminder, in the U.S. there is no Bitcoin ETF, so investors interested in the theme have flocked to Bitcoin-adjacent plays.