BLOK vs LEGR

BLOKBAmplify Blockchain Technology ETF

LEGRBFirst Trust Indxx Innovative Transaction & Process 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.

LEGR Blockchain, hold the coins. LEGR has tracked the Indxx Blockchain Index since January 2018, owning roughly 110 global companies that build with the technology or stand to benefit from it, rather than the tokens themselves.

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.

LEGR The Fund seeks to track the performance of the Indxx Blockchain Index before fees and expenses. The index targets companies involved with blockchain technology or positioned to benefit from its use in business processes.

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.

• LEGR A first-wave name: launched January 2018, and it has tracked the same blockchain index through a full crypto boom and bust.
• Picks and shovels, not whitepapers: roughly 110 global stocks either working with blockchain or positioned to benefit from it inside their own business processes.
• Spreading the theme across about 110 operating companies keeps any single name from dominating, and the fund sits in the upper half of its global thematic peer group.

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.

• LEGR The 0.65% expense ratio sits above the typical fee among global thematic ETFs, and several funds in that group charge a fraction of it.
• It trades thinly, so bid-ask spreads can run wider than on giant ETFs. Limit orders do real work here.
• Stocks, not coins. Crypto moves reach this fund only through share prices of companies where blockchain may be one line in a much larger business.

Full BLOK profile⁠

Full LEGR profile⁠