Amplify ETF's Christian Magoon Responds to Criticism Facing Riot Blockchain

There's a new way to invest in Blockchain technology. Amplify ETFs launched a blockchain-based technology fund under the ticker "Blok" in January. Amplify ETF explains the opportunity he sees in this market, and responds to criticism facing one of the companies in this ETF's holding. "The smallest position in the fund is Riot Blockchain," said Magoon. "The fund is actively managed so I expect the fund portfolio managers are adjusting the portfolio. This was a controversial company that we did some research in." Shares of Riot Blockchain plummeted after CNBC released a report suggesting the re-branding of the company was done for personal gain. "Now that news has come out it really seems like the momentum of this stock is going downward, and I'm expecting that come tonight when we update our holdings I wouldn't expect to see that stock in the portfolio based on this report," said Magoon.

More In Business

Why Consumers Are Hitting “Cancel”: Inside the Subscription Fatigue Era

Bank of America economist David Tinsley explains why streaming costs have consumers hitting cancel faster than play.

What September’s Inflation Numbers Really Mean: Insights From S&P Global

Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.

Beyond Binge-Watching: Curiosity Stream’s Vision for Intelligent Entertainment

Curiosity Stream CEO Clint Stinchcomb discusses how educational streaming and innovation are driving strong growth and audience engagement.

Using A.I. to Manage Risk on Wall Street

Patrick Palomo, Principal Solutions Architect at Smarsh, talks about working with Wall Street to deploy A.I. that helps predict and manage risk.

Big Business This Week: Will more health insurance costs hit business?

At the core of the ongoing government shutdown is a fight over the decision to end subsidies that let some 12 million Americans get health coverage.

Are theme parks determining Disney and Universal’s film slates?

Why would you make a third “Tron” movie? Unless of course you'd spent billions of dollars on a theme park ride and needed to promote it?

Starbucks Introduces AI Barista: A Glimpse Into the Future of Coffee Service

Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.

Tesla & Big Tech’s Earnings Test: Can Massive AI Bets Finally Deliver Revenue Growth?

As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.

Eric Trump on Bitcoin's Future: Inside American Bitcoin’s Strategy for Digital Dominance

Eric Trump joins us to discuss American Bitcoin’s mission, market strategy, and why he believes the U.S. must lead the next era of digital currency innovation.

From Trick to Trend: Unreal Snacks CEO on Why Dye-Free Candy Is Taking Over

Unreal Snacks CEO Kevin McCarthy shares how dye-free candy is leading the sweets revolution—just in time for what could be a record-breaking Halloween 2025.

Load More