Amplify Blockchain ETF downgraded to Hold as bitcoin exposure rises and growth catalysts fade

Amplify Blockchain Technology ETF (BLOK) has been downgraded to Hold due to its increased exposure to bitcoin, which has risen from about 30% to 40%, reducing its diversification benefits. While the ETF still holds investments in AI and infrastructure, these sectors show limited growth potential currently. The portfolio now includes more unique bets, slightly diluting its thematic focus, but maintains relative stability through low stock concentration and diversified models. This downgrade reflects concerns over reliance on the crypto market and a lack of near-term growth drivers.