BLOK vs FDIG

BLOKBAmplify Blockchain Technology ETF

FDIGAFidelity Crypto Industry and Digital Payments ETF

In short

BLOK Launched in January 2018, one of the first blockchain ETFs out of the gate, and still an active stock picker: about 50 global companies chosen by a manager rather than an index, plus limited digital-asset exposure through a wholly owned subsidiary.

FDIG Crypto exposure through the companies, not the coins: roughly 50 miners, exchanges and digital payments processors, weighted by how heavily they trade rather than how big they are, in a Fidelity-built index priced below the thematic norm.

Stated mandate

BLOK The Fund seeks total return through active investment in equity securities of companies involved in developing and using blockchain technologies. It may invest in non-U.S. equities and obtain limited digital-asset exposure through a wholly owned subsidiary.

FDIG The fund seeks to track the performance of the Fidelity Crypto Industry and Digital Payments Index before fees and expenses. It normally invests at least 80% of assets in equity securities or depositary receipts included in that index.

Why people hold it

• BLOK Actively managed rather than index-bound: the team picks roughly 50 blockchain-linked companies worldwide and can reshuffle as the industry's cast changes.
• A January 2018 launch that grew into a billion-dollar-plus fund, and one of the stronger implementations in its blockchain-equity peer group.
• Scale shows up at the screen: among the easier funds in this corner of the market to get in and out of, and spread across a broad basket instead of two or three names.

• FDIG Runs 0.39%, under the 0.56% median for global thematic funds. Cheap real estate in a corner of the market where niche fees usually bite.
• Weights positions by trading volume rather than market cap, so the largest company in the group is not automatically the largest holding.fidelity.comfidelity.com 2
• Two engines under one ticker: crypto miners and exchanges on one side, digital payments processors on the other, about 50 names in all.fidelity.com
• Fidelity builds the index itself, screening on revenue plus text analysis of company disclosures, and rebalances quarterly over four days.fidelity.com

Worth knowing

• BLOK 0.70% a year, essentially the category median but above index-tracking rivals such as BKCH at 0.50%. Active stock selection is what the extra buys.
• Companies, not coins. Any direct digital-asset exposure is limited and routed through a wholly owned subsidiary, so the ride follows blockchain equities, not a coin price.
• Distributions land once or twice a year, so this is an equity growth vehicle rather than an income sleeve.

• FDIG Non-diversified and industry-narrow. Fidelity's own documents flag bigger swings and meaningful exposure to a small number of issuers.fidelity.com
• You own crypto-linked equities, not crypto. Miners and payment processors can respond to very different news on any given day.fidelity.com
• Volume runs light next to the ETF giants, so spreads can widen and the market price can sit at a premium or discount to net asset value.fidelity.com

Full BLOK profile⁠

Full FDIG profile⁠