Overview
Why Invest in BNAV ETF?
- Momentum-Driven Approach to Capturing Bitcoin Trends: BNAV employs technical analysis and trend indicators to dynamically manage bitcoin exposure, bringing a disciplined approach to identifying bitcoin’s market cycles.
- Managed by a Widely Recognized Wall Street Technical Analyst: Utilizing a proprietary, signal-driven framework, BNAV is actively managed by Katie Stockton, Founder and Managing Partner of Fairlead Strategies and Fairlead Asset Management.
- 70% -150% Exposure Guided by Technical Signals: BNAV dynamically adjusts bitcoin exposure between 70% and 150% based on evolving market trends, increasing exposure during uptrends and scaling back as market conditions shift.
Objective & Strategy
The Amplify Fairlead Tactical Bitcoin ETF (BNAV) seeks long-term capital appreciation by actively managing exposure to bitcoin. BNAV is designed to participate in bitcoin momentum while adapting to changing market conditions.
The Fund does not invest directly in bitcoin.
Key Information
Fund Details
| Ticker | BNAV |
| Launch Date | 07/29/2026 |
| Primary Exchange | Cboe BZX |
| CUSIP | 032108292 |
| Net Assets | $3,203,290 |
| Shares Outstanding | 100,000 |
| Holdings (view all holdings) | 4 |
| Total Expense Ratio | 0.74% |
Portfolio Management
Katie Stockton, CMT (Chartered Market Technician) is Founder and Managing Partner of Fairlead Asset Management LLC, an investment advisor focused on technical analysis. Prior to forming the affiliated independent research firm Fairlead Strategies LLC in 2018, Katie spent more than 20 years on Wall Street providing technical research and advice to institutional investors. An official CNBC U.S. Contributor, Katie frequently shares her market perspectives with investors worldwide.
Actively Managed Exposure
BNAV’s strategy employs a rules-based tactical approach, toggling bitcoin exposure between ~ 70% and 150% of BNAV’s net assets in an effort to participate more meaningfully when bitcoin is advancing and limit drawdowns when conditions are weakening.
Core
Always-On Baseline
Maintains 70% bitcoin exposure at all times to participate in secular uptrends without over-trading.
Lever
Opportunistic Overlay
Adds leverage to reach up to 150% exposure when daily, weekly and monthly trend signals align.
Defend
Automated De-Risk
Reverts to 70% core exposure when the long-term trend weakens, reducing exposure in bear cycles.
Target Exposure Range
70%
Core Baseline
150%
Core Baseline + Opportunistic Leverage Overlay
Performance & Holdings
Performance
| Cumulative (%) | Annualized (%) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1MO | 3MO | 6MO | YTD | Since Inception | 1YR | 3YR | 5YR | 10YR | Since Inception | |
| NAV | 23.48% | — | — | — | 22.27% | — | — | — | — | — |
| Closing Price | 23.25% | — | — | — | 22.37% | — | — | — | — | — |
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Brokerage commissions will reduce returns. NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The closing price is the last price at which the fund traded.
Top Strategic Holdings
| Name | Ticker | Market Value (%) | CUSIP | Shares | Market Value ($) |
|---|---|---|---|---|---|
| MBTX 10/16/2026 178.9 C | 4MBTX 261016C00178900 | 7.09% | 4MBTX 261016C00178900 | 118 | $226,987 |
| MBTX 10/16/2026 199.01 C | 4MBTX 261016C00199010 | 2.12% | 4MBTX 261016C00199010 | 128 | $67,779 |
| MBTX 10/16/2026 178.9 P | 4MBTX 261016P00178900 | -0.43% | 4MBTX 261016P00178900 | -118 | $-13,768 |
| MBTX 10/16/2026 199.01 P | 4MBTX 261016P00199010 | -2.91% | 4MBTX 261016P00199010 | -128 | $-93,267 |
Holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell a security.
Allocation
Distributions
Distributions
| Ex-Date | Record Date | Payable Date | Amount (USD) |
|---|---|---|---|
| 12/30/2026 | 12/30/2026 | 12/31/2026 | — |
There is no guarantee that distributions will be made.
Price
NAV/Market Price
| Previous Day's NAV | |
|---|---|
| Net Asset Value: | $32.03 |
| Daily Change: | $-0.39 |
| % Daily Change: | -1.21% |
| 30-Day Median Bid/Ask Spread: | 0.40% |
| Previous Day's Market Price | |
|---|---|
| Closing Price: | $32.09 |
| Daily Change: | $-0.32 |
| % Daily Change: | -1.00% |
| % Premium/Discount: | 0.19% |
Daily Price/NAV Performance
Premium/Discount
| 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|
| Days Traded at Premium | - | - | - | - | - |
| Days Traded at NAV | - | - | - | - | - |
| Days Traded at Discount | - | - | - | - | - |
The table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than an NAV when those shares are sold because shares are bought and sold at current market prices.
Literature
Fund Resources
Regulatory Resources
Insights
Digital Assets: Rule Before Law - How the SEC, Treasury, and CFTC Are Writing the Crypto Regulatory Framework Without the CLARITY Act
September 23, 2026
Digital Assets Monthly
BLOK-Chain September 2026
September 21, 2026
Asymmetry Is Set Up for Q4
Memory Semiconductors: The AI Bottleneck Hiding in Plain Sight
September 14, 2026
How rising memory requirements and Asia’s global leadership are creating a distinct investment opportunity.
How to Invest
Amplify ETFs trade throughout the day, similar to publicly-traded stocks, on an exchange. There are multiple ways to invest in Amplify ETFs:
- Contact a Financial Advisor to discover how Amplify ETFs may fit within your portfolio.
- Amplify ETFs are available through various online platforms and brokerage accounts.
Connect with your ETF Specialist or call (855) 267-3837
The Fund is considered to be non-diversified. The Fund is actively managed and its performance reflects the investment decisions that the Sub-Adviser makes for the Fund. The Fund faces risks by investing in Bitcoin through Bitcoin ETP and Bitcoin ETP Options as Bitcoin is a new and highly speculative investment. The market for Bitcoin is volatile and subject to rapid changes, regulatory actions, and numerous challenges to widespread adoption. Issues such as slow transaction processing, variable fees, and price volatility further increase these risks.
There is a lack of consensus regarding the regulation of digital assets, including Bitcoin, and their markets. Trading in shares of a Bitcoin ETP on U.S. securities exchanges may be halted due to market conditions or for reasons that, in the view of an exchange, make trading in shares of the Bitcoin ETP inadvisable.
The Fund may use leverage to increase bitcoin exposure above 100% of the Fund’s net assets, with total exposure of up to approximately 150%. Any exposure above 100% of the Fund’s net assets is expected to be obtained primarily through the use of derivatives, including Bitcoin Futures Contracts and/or Bitcoin ETP Options. The use of leverage may magnify gains and losses and may increase volatility relative to bitcoin.
The Fund may use FLEX Options, which can be less liquid than standardized options. This may make it difficult to close out FLEX Options positions at desired times and prices.
Investment Adviser: Amplify Investments LLC. Sub-Adviser: Fairlead Asset Management LLC.