Amplify Launches Inflation Fighter ETF (IWIN)

The head of the Amplify ETF remains bullish on bitcoin as a hedge against inflation despite the recent market downturn, and plans to increase exposure to digital assets in the firm’s newest exchange-traded fund. The investment house has launched a new fund, the Inflation Fighter ETF (IWIN), earlier this month, which aims to identify stocks and commodities that can withstand inflation, such as agriculture, energy, precious metals and bitcoin. IWIN’s bitcoin exposure is capped at 20% of net assets, including CME’s bitcoin futures product and Grayscale Bitcoin Trust (GBTC), but the fund does not hold bitcoin directly, though Christian Magoon revealed that the fund’s allocation to GBTC and CME Bitcoin futures may gradually increase over time.