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AI brief of an SEC Form 8-K · Amplify Commodity Trust (BDRY)

Amplify Commodity Trust: Amplify to replace ETF Managers Capital as sponsor of BDRY trust

Neutral Impact 3 of 5 leadership Written later

ETF Managers Capital LLC agreed to resign as sponsor of the trust that includes the Breakwave Dry Bulk Shipping ETF (BDRY), with Amplify Investments LLC taking over the role. The change is expected to take effect in the first quarter of 2024, and the filing says it is not expected to affect the trust, its shareholders or investments in the funds, though completion is not guaranteed.

Key points

  • Amplify Investments LLC will become sole sponsor of the trust after the transition, and intends to continue the trust and funds' business.
  • The sponsor replacement is expected to take effect 30 to 60 days from December 28, 2023, and is expected in the first quarter of 2024.
  • The trust includes the Breakwave Dry Bulk Shipping ETF (BDRY) and the Breakwave Tanker Shipping ETF (BWET).
  • The filing states there is no guarantee the replacement will be completed within the expected time frame, or at all.

The filing

CompanyAmplify Commodity Trust (BDRY)
Form8-K, current report
Filed with the SECDec 28, 2023, 4:51 PM ET
Accession number0001213900-23-099280

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 28, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.