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BCDF - ETF AI Analysis
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Horizon Kinetics Blockchain Development ETF (BCDF)
Rating:63Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several top holdings, such as Galaxy Digital and Urbana, have delivered strong year-to-date performance, boosting the fund’s returns.
Global Exposure
The ETF includes companies from multiple countries, providing diversification across geographic regions.
Focused Sector Strength
The fund is heavily weighted in the financial sector, which has shown resilience and growth in blockchain-related developments.
Negative Factors
High Expense Ratio
The ETF charges a relatively high expense ratio compared to many other funds, which can eat into investor returns over time.
Sector Concentration Risk
Over 70% of the fund is allocated to the financial sector, making it vulnerable to downturns in that industry.
Mixed Recent Performance
While the year-to-date performance is strong, the fund has shown weaker returns over the past three months, indicating potential volatility.
BCDF vs. SPDR S&P 500 ETF (SPY)
AUM19.11M
RegionGlobal
Expense Ratio0.85%
Beta0.62
IssuerHorizon Kinetics
Inception DateAug 01, 2022
Dividend Yield1.47%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume2,764
30 Day Avg. Volume2,469
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
35.68Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering36
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BCDF Summary
The Horizon Kinetics Blockchain Development ETF (BCDF) is an investment fund focused on companies involved in blockchain technology, a cutting-edge innovation that powers things like secure digital transactions and decentralized finance. It includes well-known companies such as Nasdaq and Cboe Global Markets, along with others driving blockchain advancements. Investors might consider BCDF for its potential to grow as blockchain technology becomes more widely adopted and transforms industries. However, since it focuses heavily on blockchain, its performance is closely tied to the success of this emerging technology, which can be volatile and unpredictable.
How much will it cost me?The Horizon Kinetics Blockchain Development ETF (BCDF) has an expense ratio of 0.85%, which means you’ll pay $8.50 per year for every $1,000 invested. This is higher than average because it is actively managed and focuses on a niche sector like blockchain technology, which requires specialized research and expertise.
What would affect this ETF?The Horizon Kinetics Blockchain Development ETF (BCDF) could benefit from growing adoption of blockchain technology across industries, as well as increased interest in decentralized finance and digital transactions. However, it may face challenges from regulatory scrutiny on blockchain and cryptocurrency markets, as well as potential economic downturns that could impact its financial and technology sector-heavy portfolio.
BCDF Top 10 Holdings
The Horizon Kinetics Blockchain Development ETF (BCDF) is heavily concentrated in financials, with names like Cboe Global Markets and Singapore Exchange providing steady growth thanks to strong earnings and strategic initiatives. CACI International is a rising star, showing robust performance and upward momentum, while Galaxy Digital is lagging due to crypto market volatility and revenue challenges. Intercontinental Exchange and Deutsche Boerse are also dragging the fund, with bearish trends and valuation concerns. Overall, BCDF’s global mix of blockchain-focused companies offers promise but faces headwinds from mixed sector performance.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Urbana | 6.93% | $1.32M | C$344.99M | 48.87% | 69 Neutral | |
| Cboe Global Markets | 6.76% | $1.29M | $26.93B | 17.12% | 75 Outperform | |
| TMX Group | 5.74% | $1.09M | C$14.36B | 16.90% | 68 Neutral | |
| Caci International | 5.59% | $1.06M | $13.64B | 29.16% | 78 Outperform | |
| Nasdaq | 5.40% | $1.03M | $50.90B | 7.33% | 73 Outperform | |
| Singapore Exchange | 5.36% | $1.02M | S$17.49B | 34.17% | 80 Outperform | |
| Intercontinental Exchange | 4.99% | $948.13K | $88.93B | -4.73% | 71 Outperform | |
| Deutsche Boerse | 4.30% | $816.59K | €40.20B | 1.29% | 66 Neutral | |
| Galaxy Digital | 4.13% | $785.30K | $9.96B | 54.09% | 70 Outperform | |
| Miami International Holdings, Inc. | 4.00% | $759.92K | $3.59B | ― | 66 Neutral |
BCDF Technical Analysis
Neutral
―
Price Trends
31.39
Negative
31.38
Negative
30.20
Positive
Market Momentum
-0.24
Positive
46.61
Neutral
39.99
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BCDF, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 31.04, equal to the 50-day MA of 31.39, and equal to the 200-day MA of 30.20, indicating a neutral trend. The MACD of -0.24 indicates Positive momentum. The RSI at 46.61 is Neutral, neither overbought nor oversold. The STOCH value of 39.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BCDF.
BCDF Peer Comparison
Comparison Results
Performance Comparison
BCDF
Horizon Kinetics Blockchain Development ETF
30.85
1.28
4.33%
FDCF
Fidelity Disruptive Communications ETF
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AGIX
KraneShares Artificial Intelligence & Technology ETF
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AIFD
TCW Artificial Intelligence ETF
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HECO
SPDR Galaxy Hedged Digital Asset Ecosystem ETF
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DECO
SPDR Galaxy Digital Asset Ecosystem ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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