Amplify ETFs expanded its digital-asset suite, launching the Amplify Stablecoin Technology ETF (STBQ) and the Amplify Tokenization Technology ETF (TKNQ). Both ETFs carry a 0.69% expense ratio and track bespoke MarketVector indices that blend equities and cryptocurrencies, offering targeted exposure to stablecoin infrastructure and real‑world-asset tokenization, respectively.
STBQ is structured to capture companies and digital assets that underpin the stablecoin ecosystem by following the MarketVector Stablecoin Technology Index, which combines equities and cryptocurrencies to represent infrastructure providers, DeFi platforms and issuers involved in stablecoin activity.
Examples of likely index constituents include stablecoin issuers and infrastructure firms, decentralized lending and liquidity protocols, and underlying layer‑1 networks that facilitate stablecoin transactions, according to Amplify’s product materials.
TKNQ follows the MarketVector Tokenization Technology Index and targets businesses and crypto projects developing tokenization platforms and services for real‑world assets (RWAs). Typical constituents named in filings and commentary include firms that provide token issuance platforms, blockchain registries, compliance and legal tooling for tokenized securities, and protocols that fractionalize and trade RWAs.
Both funds use a passive, index‑replication approach that holds a mix of equities and digital assets and relies on the index methodology for weighting and rebalancing; the precise weighting scheme and schedule are integral to how closely each ETF will track its target market and should be reviewed by prospective investors.
Risk profile and Amplify market positioning
Amplify positions STBQ for investors with moderate to high risk tolerance who seek exposure to the technological backbone of stablecoins without directly holding individual coins, while TKNQ is pitched toward investors with a high risk appetite willing to accept regulatory and execution uncertainties inherent in nascent tokenization markets, according to the launch announcement.
Key risks include regulatory uncertainty for both stablecoins and tokenized securities; market volatility stemming from crypto price swings that can affect the ETFs’ digital‑asset and equity components; technological risks such as protocol failures or security breaches; and liquidity or concentration risks if smaller constituents have limited tradability or if sector exposure becomes tight.
The launch of STBQ and TKNQ adds two first‑mover, thematic vehicles aimed at distinct segments of the digital‑asset value chain and underscores growing productization of stablecoin and tokenization themes.
