other material
confidence high
sentiment neutral
materiality 0.40
ETF Managers Group Commodity Trust I to replace sponsor with Amplify Investments in Q1 2024
Amplify Commodity Trust
- ETF Managers Capital LLC will resign as sponsor; Amplify Investments LLC to become new sponsor.
- Sponsor replacement expected to take effect during first quarter of 2024, within 30-60 days from Dec 28, 2023.
- Trust consists of two series: Breakwave Dry Bulk Shipping ETF (BDRY) and Breakwave Tanker Shipping ETF (BWET).
- Amplify has nearly a decade of ETF management experience; no changes expected to Trust operations or shareholders.