Bitcoin surged after President Joe Biden signed an executive order to review the U.S. approach to cryptocurrencies that some say could spur adoption by legitimizing it as an asset class and provide investors with a long-awaited framework to assess the popular cryptocurrency.
Despite the recent market downturn, the head of Amplify ETFs is bullish on bitcoin as a hedge against inflation — and plans to ramp up exposure to the digital asset in the firm’s latest exchange-traded fund.
Carefully consider the Funds’ investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in Amplify Funds statutory and summary prospectus, which may be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Amplify ETFs are distributed by Foreside Fund Services, LLC.
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