BLOK ETF (NYSEARCA:BLOK) Gains 52% YTD on Bitcoin Surge, Miner Rebound, and Blockchain Expansion
High-Momentum BLOK ETF Tracks BTC Over $123K, Targets $77 as COIN, HOOD, MSTR, and Miners Power Uptrend | That's TradingNEWS
NYSEARCA:BLOK ETF Surges With 52% Gains, Riding Bitcoin’s Breakout and Data-Centric Blockchain Pivot
BLOK ETF Becomes a High-Momentum Proxy for Bitcoin and Blockchain Infrastructure
The Amplify Transformational Data Sharing ETF (NYSEARCA:BLOK) has gained +52% YTD as of mid-July 2025, outperforming most digital asset equities and even surpassing returns from peer funds like VanEck’s DAPP. While Bitcoin (BTC-USD) has cleared $120,000 and continues into price discovery above $123,000, BLOK’s structure and exposure have positioned it as a liquid proxy for crypto equity momentum—while maintaining access to blockchain innovation.
Concentration in COIN, HOOD, and MSTR Magnifies Bitcoin Correlation
BLOK’s top holdings account for 41.26% of its portfolio, with Coinbase (COIN) at 5.74%, Robinhood (HOOD) at 5.67%, and MicroStrategy (MSTR) at 4.64%. Coinbase continues to gain trading volume dominance and asset-backed lending traction, while MicroStrategy’s leveraged Bitcoin exposure has acted as a high-beta tailwind. Robinhood’s crypto expansion further enhances BLOK’s linkage to real-time crypto adoption. As BTC-USD surged past its previous ATH of $112,000, these top components surged in tandem, directly amplifying BLOK’s total return.
Bitcoin Miners Represent Nearly 20% of Portfolio Weight
With CleanSpark (CLSK) and Riot Platforms (RIOT) heavily featured, BLOK has over 18–20% exposure to the bitcoin mining sector. Post-halving economics have forced miners into hybrid strategies involving data center hosting and cloud compute infrastructure. This pivot not only maintains revenue streams but also aligns miners with AI and Web3 trends. These miners remain highly sensitive to BTC price direction due to mark-to-market balance sheet volatility—amplifying both upside and risk exposure within BLOK’s NAV performance.
Expense Ratio High at 0.73%, But Liquidity and Daily Volume Compensate
BLOK’s fee structure is elevated, charging 73bps annually, compared to 51bps for VanEck’s DAPP. Yet its $1.11 billion AUM and 312,000 average daily trading volume provide superior liquidity. Daily turnover of approximately $18.25 million ensures BLOK remains a viable vehicle for both swing traders and longer-term blockchain investors. With a median 30-day bid/ask spread of 10bps, execution slippage remains relatively low for high-frequency allocators.
Distribution Yield at 4.43%, But Volatile Payout Profile
BLOK distributed $2.59/share in the trailing 12 months, producing a headline 4.43% yield. However, payout history is erratic—distributions have varied between under $0.70 and over $2.50 depending on crypto and equity performance. The fund is not structured for stable income, and yield should be viewed as a performance-linked bonus rather than a core feature. Investors requiring predictable payouts should consider alternatives.
BLOK ETF Diversifies Across Growth, Value, and Size—With a Blockchain Core
Factor exposures within BLOK are blended. Morningstar reports a 20.4x P/E ratio and a 12.4% long-term EPS growth rate, translating to a 1.6 PEG ratio. The fund includes small, mid, and large-cap exposure, and 20% of the fund is international, offering global diversification. Despite sector labels, the underlying portfolio is unified by one narrative—blockchain transformation. The holdings span fintech, infrastructure, and tokenization platforms. This provides thematic exposure while retaining some factor balance across valuation styles and market caps.
Technical Setup Signals More Upside Toward $77 Target
BLOK recently broke out above $55 resistance, completing a bullish measured move triggered by the December–April depth, pointing toward a technical target near $77. RSI remains elevated above 60, confirming bullish momentum. The long-term 200-day moving average is rising, and the ETF remains in a well-defined uptrend channel. A prior double-top zone near $65 may present short-term resistance, but with Bitcoin breaking past $123K, the broader trend favors continued upside.
Seasonality and Crypto Cyclicality Remain the Wild Cards
Historically, Bitcoin and crypto equities face weakness in August and September, raising caution for near-term entries. Seasonal headwinds could trigger volatility, especially after such aggressive rallies. Still, BLOK’s structural positioning, high momentum score (A+ via Seeking Alpha quant), and macro crypto tailwinds offset near-term cyclical fears. Traders may look to accumulate during any dips under $60, while longer-term investors continue to benefit from the blockchain supercycle.
Final Verdict: NYSEARCA:BLOK ETF Is a BUY
After synthesizing technical strength, direct correlation to Bitcoin’s breakout, solid liquidity, and blockchain-centric concentration, NYSEARCA:BLOK emerges as a high-conviction buy. While the 0.73% fee is a drag, it is compensated by robust momentum, strong top-line AUM growth, diversified blockchain exposure, and a clear breakout chart setup. Price targets above $75 are viable in Q3 if BTC-USD sustains above $120K. This ETF offers pureplay exposure to the digital infrastructure of tomorrow—and its top holdings are already leading the way.
