LISLE, Ill., Feb. 16, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs announces it will serve as the new sponsor of the Breakwave Dry Bulk Shipping ETF (BDRY?) and the Breakwave Tanker Shipping ETF (BWET?). The name of the trust was changed to Amplify Commodity Trust.

“We’re pleased to add BDRY and BWET to the Amplify platform. The two ETFs align with our existing suite while delivering further diversification to our set of solutions for investors,” said Christian Magoon, CEO of Amplify ETFs.

Breakwave Dry Bulk Shipping ETF (BDRY?) provides exposure to the daily change in the price of dry bulk freight futures by tracking the performance of a portfolio consisting of exchange-cleared futures contracts on the cost of shipping dry bulk freight. Breakwave Tanker Shipping ETF (BWET?) provides exposure to the daily change in the price of tanker freight futures by tracking the performance of a portfolio consisting of exchange-cleared futures contracts on the cost of shipping crude oil. These ETFs offer investors unlevered exposure to futures without the need for a futures account.

“We’re excited about the future for BDRY and BWET under Amplify’s direction and leadership. We look forward to working together to show investors how they can capitalize on the global shipping trend,” said John Kartsonas, managing partner of Breakwave Advisors.

About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, has over $9.1 billion in assets across its suite of ETFs (as of 1/26/2024). Amplify’s ETFs deliver expanded investment opportunities for investors seeking growth, income, and risk-managed strategies across a range of actively managed and index-based ETFs.

To learn more visit AmplifyETFs.com.

About Breakwave Advisors
Breakwave Advisors LLC is registered as a Commodity Trading Advisor with the NFA founded in 2017 and based in New York City. Breakwave specializes in Shipping and Freight investments and is the CTA for the Breakwave Dry Bulk Shipping ETF and the Breakwave Tanker Shipping ETF.

For more information, visit breakwaveadvisors.com.

This material must be accompanied by a prospectus. Investing in freight futures can be volatile and is not suitable for all investors. BDRY Prospectus BWET Prospectus

The Fund is not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.