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BCDF - ETF AI Analysis
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Horizon Kinetics Blockchain Development ETF (BCDF)
Rating:66Neutral
Price Target:―
Positive Factors
Solid Recent Performance
The ETF has shown steady gains over the past month, three months, and year-to-date, indicating positive recent momentum.
Strong Contribution from Key Holdings
Several of the largest positions, including companies like Galaxy Digital, Caci International, and Cboe Global Markets, have delivered strong year-to-date performance that supports the fund’s returns.
Global Exposure Within a Focused Theme
Holdings spread across the U.S., Canada, Asia, and Europe provide some geographic diversification while still targeting blockchain-related development.
Negative Factors
High Expense Ratio
The fund’s expense ratio is relatively high, which means more of the returns are used to cover fees instead of going to investors.
Heavy Concentration in Financials
With most of the portfolio in financial companies, the ETF is heavily exposed to risks specific to that sector rather than being broadly diversified.
Small Asset Base
The relatively low assets under management suggest the fund is still small, which can sometimes mean less trading liquidity and a higher chance it could be closed in the future.
BCDF vs. SPDR S&P 500 ETF (SPY)
AUM21.60M
RegionGlobal
Expense Ratio0.85%
Beta0.60
IssuerHorizon Kinetics
Inception DateAug 01, 2022
Dividend Yield2.42%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume3,298
30 Day Avg. Volume2,136
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
36.34Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering34
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BCDF Summary
The Horizon Kinetics Blockchain Development ETF (BCDF) is a theme-based fund that focuses on companies involved in blockchain technology, rather than tracking a traditional stock index. It mainly holds financial and technology firms that help run markets and digital assets, including well-known names like Nasdaq and Intercontinental Exchange. Someone might invest in this ETF to get diversified exposure to the growth of blockchain without picking individual blockchain stocks. However, it is a niche, blockchain-focused fund, so its price can be quite volatile and may rise or fall more than the overall stock market.
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
BCDF is essentially a bet on the global market-infrastructure backbone of blockchain, with big positions in exchanges like Cboe, Nasdaq, Intercontinental Exchange, and TMX Group steering the ship. Recently, Cboe, ICE, and CACI International have been the fund’s main engines, showing rising momentum, while Singapore Exchange and Deutsche Boerse have been losing a bit of steam and quietly holding returns back. Galaxy Digital adds a high-volatility crypto flavor, and Hawaiian Electric is an odd utility outlier, making this a finance-heavy, globally diversified but thematically tight blockchain play.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Urbana | 7.73% | $1.67M | C$389.97M | 56.98% | 69 Neutral | |
| Cboe Global Markets | 6.68% | $1.44M | $27.69B | 28.95% | 75 Outperform | |
| Nasdaq | 5.73% | $1.24M | $56.36B | 19.21% | 78 Outperform | |
| Singapore Exchange | 5.61% | $1.21M | S$18.88B | 55.16% | 80 Outperform | |
| Caci International | 5.55% | $1.20M | $14.10B | 61.15% | 78 Outperform | |
| TMX Group | 5.51% | $1.19M | $10.38B | 12.42% | 70 Outperform | |
| Intercontinental Exchange | 5.35% | $1.15M | $98.32B | 9.82% | 80 Outperform | |
| Galaxy Digital | 4.68% | $1.01M | $12.47B | 47.88% | 70 Outperform | |
| Hawaiian Electric | 4.61% | $996.66K | $2.73B | 75.16% | 52 Neutral | |
| Deutsche Boerse | 4.10% | $885.21K | €38.06B | -12.24% | 76 Outperform |
BCDF Technical Analysis
Neutral
―
Price Trends
30.73
Positive
30.71
Positive
30.29
Positive
Market Momentum
0.34
Positive
51.28
Neutral
1.98
Positive
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 31.59, equal to the 50-day MA of 30.73, and equal to the 200-day MA of 30.29, indicating a neutral trend. The MACD of 0.34 indicates Positive momentum. The RSI at 51.28 is Neutral, neither overbought nor oversold. The STOCH value of 1.98 is Positive, 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
31.49
4.28
15.73%
FFND
Future Fund Active 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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BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
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―
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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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