Metaplanet shares added to Amplify Transformational Data Sharing ETF

Metaplanet has been added to the the Amplify Transformational Data Sharing ETF or BLOK, a global index that invests in leading blockchain companies including SBI Holding, MicroStrategy and Nvidia.

On Nov. 28, the Japanese investment firm announced its inclusion into BLOK, joining a lineup of 53 companies that engage in the development and utilization of blockchain technology. The ETF features leading industry players including MicroStrategy, Robinhood, Nvidia, and SBI Holdings.

According to the press release, Metaplanet’s estimated starting weight on the BLOK will be around 2.9%. As of Nov. 29, the companies occupying to top spots on the Amplify Transformational Data Sharing ETF Blockchain leaderboard include Core Scientific, HUT 8, Coinbase, Galaxy Digital, MicroStrategy and Robinhood.

BLOK is managed by Amplify ETFs and leverages an active strategy to find and invest in companies that utilize blockchain technology in its daily operations, serving as a guide for investors looking for opportunities to inject capital into the blockchain sector.

BLOK holds more than $930 million in net assets, cementing itself as a widely followed ETF in the blockchain investment landscape.

CEO of Metaplanet, Simon Gerovich, shared the news on his X account. He stated that Metaplanet’s inclusion into the Amplify Transformational Data Sharing ETF further highlights the growing recognition of Metaplanet’s Bitcoin(BTC) acquisition strategy and the firm’s status as “Japan’s leading Bitcoin Treasury Company.”

Nicknamed “Asia’s MicroStrategy” by market proponents, Metaplanet has accumulated a Bitcoin trove of 1,142 BTC, worth $109.21 million at current market prices.

Metaplanet currently stands in 14th place, with the ticker 3350 JP, holding a current market value of $23.04 million.

Earlier this month, Metaplanet was included in CoinShares’ Blockchain Global Equity Index, also known as the BLOCK Index. The index tracks the performance of 45 companies that dabble in crypto and blockchain technology.

As previously reported by crypto.news on Oct. 23, Japan regulators are still reluctant to adopt spot crypto ETFs despite countries like the U.S. and Hong Kong already approving ETFs, according to Sumitomo Mitsui Trust Asset Management.