Amplify Transformational Data Sharing ETF [BLOK]

The rapid ascent of blockchain technology has been evident over the last couple of years, but one stock, in particular, has been a strong outperformer when pitted against major stock market indexes like the S&P 500.

While lauded for its disruptive benefits in facilitating payment transactions for goods or services, blockchain technology is simply not relegated to financial technology (fintech). Social impact groups are also leveraging blockchain to further their own causes.

BLOK, the Amplify Transformational Data Sharing ETF, is a broadly diversified crypto equities (and debt) exchange-traded fund. Fed action, the bubble hangover, crypto winter, and the (likely) attendant recession are keeping me on the sidelines with respect to crypto investments, including BLOK.

Blockchain technology is imprinting itself on a global scale with the Asia-Pacific region seeing usage in disruptive technology with respect to real estate applications, according to a new study. The study was headed by big-four accounting firm KPMG and British multinational bank HSBC.

While blockchain technology and cryptocurrencies are often tied together inextricably, the former can stand on its own when it comes to other applications in business. Companies like Mastercard are utilizing blockchain technology beyond the realm of cryptocurrencies.

IBM beat earnings and revenue estimates in its second quarter 2022 results. However, the company warned of a $3.5 billion forex hit.

Cryptocurrency industry-related exchange traded funds surged Monday after bitcoin rallied for a fourth consecutive day and broke back above $22,000 in a month. Among the best performing non-leveraged ETFs of Monday, the Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (RIGZ) was up 9.3%, the Global X Blockchain ETF (BKCH) increased 12.

IBM has gained 10.2% over the past three months outperforming the industry, which has declined 2.4%. The positive trend is expected to continue as IBM saw increasing earnings estimates for the yet-to-be-reported quarter right before the earnings announcement.

There's a plethora of analytics available that can assess the strength of blockchain network activity, but there's one metric that might be overlooked: developer activity. “You can measure blockchain growth in different ways,” an Altcoin Buzz article said.

Given a strong dollar combined with a lot of economic uncertainty around rising inflation and a potential recession, investors may be hesitant to jump into emerging markets (EM). However, blockchain technology could be making EM countries more investable in terms of locating opportunities that could propel long-term growth.