Amplify ETFs launched two thematic funds, the Amplify Stablecoin Technology ETF (STBQ) and the Amplify Tokenization Technology ETF (TKNQ), which began trading on NYSE Arca and aim to provide regulated exposure to stablecoin infrastructure and tokenization themes. Both ETFs charge a 0.69% management fee and use MarketVector indices that blend equities with crypto-linked ETPs to deliver rules-based thematic access.
How STBQ and TKNQ are built
STBQ tracks the MarketVector Stablecoin Technology Index and targets exposure to the companies and crypto-linked products associated with the stablecoin ecosystem. Its index design combines equally weighted equities with asset-weighted digital-asset ETPs, typically allocating about 50–75% to equities and 25–50% to crypto ETPs at each quarterly rebalance. STBQ holds roughly 24 securities under this structure.
TKNQ follows the MarketVector Tokenization Technology Index and applies a similar allocation approach, with a larger basket. The fund reports about 53 holdings tied to companies and crypto exposures that support real-world-asset tokenization. Together, the pair is positioned as a packaged way to access two adjacent segments of digital finance through exchange-traded instruments.
The investment case leans on large growth expectations for the underlying themes. Stablecoins are framed as potentially exceeding $3.7 trillion by 2030, while tokenized assets are described as rising from $176 billion to about $3.6 trillion over the same horizon. Those projections are presented as the macro backdrop for why thematic exposure could matter to investors building longer-duration allocations.
Structurally, the ETFs avoid direct token custody by using existing digital-asset ETPs for crypto exposure. That choice reduces the need for the funds to custody native tokens, but it concentrates issuer-level and tracking risks inside the ETP wrappers they hold. It also means performance can be meaningfully influenced by how those underlying ETPs behave versus their reference assets.
Risk disclosure is central to the product fit. Key risks include digital-asset volatility, cybersecurity threats, smart-contract vulnerabilities tied to tokenized instruments, index tracking error, and legal uncertainty around enforceability of tokenized claims. The launch also points to regulatory tailwinds, including the U.S. GENIUS Act and the EU’s MiCA framework, as factors that may support adoption, without treating them as guarantees of outcomes.
Overall, STBQ and TKNQ offer regulated, rules-based entry points into stablecoin infrastructure and asset tokenization by combining equities and crypto ETPs with quarterly rebalancing to maintain thematic alignment.