Amplify Transformational Data Sharing ETF [BLOK] Stock Forecast

Bull vs. Bear is a weekly feature where the VettaFi writers' room takes opposite sides for a debate on controversial stocks, strategies, or market ideas — with plenty of discussion of ETF ideas to play either angle. For this edition of Bull vs.

Blockchain technology continues to show its promise while catching the interest of prominent political figures, including the former United Kingdom prime minister Boris Johnson. More often than not, blockchain can be confused with cryptocurrencies, given that it serves as their technological foundation.

While the cryptocurrency fallout from the collapse of digital currency exchange FTX might be roiling the markets, financial firms are moving on undeterred, continuing to explore ways to use blockchain technology.

With Western sanctions against the country of Russia, its leadership is looking to blockchain technology as a way to shore up the global financial system.

The latest cryptocurrency fallout from the FTX collapse may be lumping blockchain into the toxic mix. However, blockchain technology can operate exclusively, thereby still having future upside moving forward.

The latest cryptocurrency fallout from the FTX collapse may be lumping blockchain into the toxic mix. However, blockchain technology can operate exclusively, thereby still having future upside moving forward.

Amplify Transformational Data Sharing ETF (ticker: BLOK) is a blockchain ETF in all but name. Bloomberg's Matt Miller digs into the fund as massive volatility hits digital assets this month.

As the world evolves, logistical challenges remain. However, with evolution also comes the advancement of technology, and the blockchain could help solve those challenges in the long run.

Blockchain technology will continue to experience exponential growth in the coming years, with certain estimates coming in at over $67 billion within the next four years. While the private banking and finance sectors have started to leverage the technology early, there's also room for growth in the public finance sector.

Blockchain technology is already proving itself in areas like the financial sector, but its benefits can also flow over into sports. With the business of sports being run more and more by data-driven analytics, blockchain could be of use.

Amplify Transformational Data Sharing ETF is a US stock and trading under the symbol BLOK

Amplify Transformational Data Sharing ETF stock price is $16.35 today.

Yes, Amplify Transformational Data Sharing ETF is a publicly traded company.