Amplify Blockchain ETF (BLOK) rises 14.5% in May, boosted by AI-focused data center firms.

The Amplify Blockchain Technology ETF (BLOK) saw its net asset value increase by 14.49% in May 2026, driven by strong performances from key holdings like Cipher Digital and Hut 8 Corp. Both companies are expanding into AI infrastructure and data center development, with Hut 8 recently pricing $4.25 billion in senior secured notes for its Beacon Point project. BLOK’s strategy of combining blockchain innovation with AI growth offers diversified exposure and helps mitigate crypto market volatility, supported by active management to capture shifting trends.