Amplify ETF's Christian Magoon Responds to Criticism Facing Riot Blockchain
There's a new way to invest in Blockchain technology. Amplify ETFs launched a blockchain-based technology fund under the ticker "Blok" in January. Amplify ETF explains the opportunity he sees in this market, and responds to criticism facing one of the companies in this ETF's holding.
"The smallest position in the fund is Riot Blockchain," said Magoon. "The fund is actively managed so I expect the fund portfolio managers are adjusting the portfolio. This was a controversial company that we did some research in." Shares of Riot Blockchain plummeted after CNBC released a report suggesting the re-branding of the company was done for personal gain.
"Now that news has come out it really seems like the momentum of this stock is going downward, and I'm expecting that come tonight when we update our holdings I wouldn't expect to see that stock in the portfolio based on this report," said Magoon.
Allison Pohle, reporter at The Wall Street Journal, breaks down airline chaos, surprise winners, and what the latest rankings mean for your next flight.
Jason Chinnock discusses Ducati’s 100th anniversary, blending a century of racing heritage with innovation, off-road expansion, and plans for the next 100 years
Jasmine Sun on unregulated peptides moving from fringe biohacking to Silicon Valley mainstream, promising healing, focus, and optimization with little oversight
For Trump, markets matter more than polls. Luke Broadwater, White House correspondent for The New York Times, examines how Wall Street guides decisions.
As political and economic uncertainty rises, Americans are seeking second passports and golden visas. Latitude Group’s CEO explains what’s driving the surge.
As AI and electrification drive record power demand, nuclear energy returns to the spotlight. Lightbridge CEO explains how advanced fuel could reshape the grid.
Shark Tank’s Kevin O’Leary breaks down his Hollywood debut, Marty Supreme’s $100M box office run, Oscar buzz, and what business taught him about movies.
