Amplify launches NYSE ETFs targeting stablecoin and tokenization infrastructure

Amplify has launched two thematic ETFs on NYSE Arca — the Amplify Stablecoin Technology ETF (STBQ) and the Amplify Tokenization Technology ETF (TKNQ). Both funds charge a 0.69% expense ratio and track MarketVector indexes that aggregate public companies and crypto products generating revenue from stablecoins, tokenization, payments technology, digital-asset infrastructure and trading platforms. Holdings span payment giants Visa and Mastercard, fintechs such as PayPal and Circle, crypto ETF providers including Grayscale, iShares and Bitwise, and institutional players linked to tokenization like BlackRock, JPMorgan, Citigroup, Nasdaq and Figure Technologies. Portfolios include equities and spot crypto ETF exposures to tokens such as XRP, SOL, ETH and LINK. Amplify — which manages over $16 billion — said regulatory progress (notably the US GENIUS Act discussions and Europe’s MiCA framework) supports stablecoins and tokenized settlement, underpinning the product launches. For traders, the ETFs offer a regulated, concentrated vehicle to gain targeted exposure to stablecoin infrastructure and tokenization plays; they may attract institutional capital to Web3 infrastructure equities and crypto-linked ETFs and could shift liquidity toward listed providers and exchange-traded products.
Bullish
The launches are likely bullish for the referenced crypto ecosystem because they provide a regulated, on-ramp route for institutional and retail capital to gain exposure to stablecoin infrastructure and tokenization-related assets. In the short term, listings can boost demand for listed spot crypto ETFs and increase trading volume in associated equities (payment firms, crypto ETF issuers, stablecoin issuers), which can translate into higher liquidity and positive price pressure for tokens featured via ETF exposures. Over the medium to long term, the ETFs formalize investment channels that can channel sustained institutional flows into Web3 infrastructure and products if regulatory clarity (e.g., GENIUS Act, MiCA) persists. Risks that temper the bullish view include concentration risk in equities and ETF-wrapped token exposure, potential regulatory setbacks, and the modest size and adoption rate of new funds — which may limit immediate price impact. Overall, the structural effect is supportive of demand and market maturation, making the net price impact positive for the mentioned tokens and related providers.