Quick Read – BLOK gained 11% year-to-date while Bitcoin dropped 29%, as top holdings Hut 8 and Cipher Digital pivoted hash-rate capacity toward AI data centers. – IBIT and other spot Bitcoin ETFs pass Bitcoin’s 43% annual decline directly to holders, capturing none of the…
osystem’s mining, exchange, or infrastructure revenue. – Rotating from a spot Bitcoin ETF into BLOK inside a taxable account triggers a capital gains event that can erase much of the swap’s financial benefit. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMPLIFY TRANSFORMATIONAL DATA SHARING ETF didn’t make the cut. Grab the names FREE today
Spot Bitcoin ETFs were supposed to be the simplest way to own crypto. Funds like the iShares Bitcoin Trust (NASDAQ:IBIT) made it easy: low fees, direct spot exposure, no wallet headaches. Buyers in early 2026 wanted clean access to crypto’s upside.
Instead they got a fund tracking a coin down 29.36% year to date. The Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK), which owns the companies that profit from blockchain activity rather than the coin, has gone the other way. The Case for Spot Bitcoin ETFs, and Where It Breaks The case for a spot Bitcoin ETF is still mostly intact.