BCDF - ETF AI Analysis
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Horizon Kinetics Blockchain Development ETF (BCDF)
Rating:66Neutral
Price Target:―
Positive Factors
Solid Year-to-Date Performance
The ETF has delivered positive returns so far this year, showing that its strategy has recently been working for investors.
Strong Exchange-Operator Holdings
Several major positions in global stock-exchange operators have shown strong gains, helping support the fund’s overall results.
Global Geographic Spread
Holdings across the U.S., Europe, Asia, and other regions provide some protection if one country’s market runs into trouble.
Negative Factors
High Expense Ratio
The fund charges relatively high annual fees, which can eat into long-term returns compared with cheaper ETFs.
Heavy Financial Sector Concentration
With most assets in financial companies, the ETF is vulnerable if this single sector faces a downturn.
Mixed Performance Among Top Holdings
Some of the largest positions have shown weak or negative performance this year, which could drag on future returns if the trend continues.
BCDF vs. SPDR S&P 500 ETF (SPY)
AUM23.00M
RegionGlobal
Expense Ratio0.85%
Beta0.62
IssuerHorizon Kinetics
Inception DateAug 01, 2022
Dividend Yield2.31%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume929
30 Day Avg. Volume2,358
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
36.58Price 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 invests in companies involved in building and using blockchain technology, rather than tracking a traditional index. Many of its holdings are major stock exchange and financial infrastructure firms, such as Cboe Global Markets and Intercontinental Exchange, which may benefit as blockchain is adopted in trading and finance. Someone might invest for targeted growth exposure to the blockchain trend while still owning established, real-world businesses. However, this ETF is heavily focused on the blockchain theme and financial sector, so its price can be quite volatile and may fall sharply if interest in blockchain weakens.
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 may have “blockchain” in its name, but its engine is really a fleet of global exchanges. Singapore Exchange, Deutsche Boerse, TMX Group, and Cboe are all rising and doing much of the heavy lifting, giving the fund a strong, steady core in the financial sector. Hawaiian Electric has perked up lately but brings some underlying business worries, while Intercontinental Exchange and Nasdaq have been more mixed, occasionally losing steam. Overall, this is a globally diversified, finance-heavy bet on the infrastructure behind digital markets rather than pure crypto plays.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Cboe Global Markets | 8.64% | $1.98M | $37.77B | 58.14% | 75 Outperform | |
| Urbana | 7.01% | $1.61M | C$377.49M | 52.34% | 69 Neutral | |
| Singapore Exchange | 6.49% | $1.49M | S$23.41B | 40.55% | 80 Outperform | |
| TMX Group | 5.70% | $1.31M | $10.87B | -2.54% | 70 Outperform | |
| Intercontinental Exchange | 4.78% | $1.10M | $85.78B | -11.80% | 80 Outperform | |
| Deutsche Boerse | 4.68% | $1.07M | €46.20B | -10.20% | 76 Outperform | |
| Nasdaq | 4.62% | $1.06M | $50.90B | 11.62% | 78 Outperform | |
| Galaxy Digital | 4.38% | $1.00M | $10.83B | 25.74% | 70 Outperform | |
| Miami International Holdings, Inc. | 4.33% | $992.97K | $4.93B | ― | 70 Outperform | |
| Caci International | 4.10% | $940.53K | $10.89B | 4.29% | 78 Outperform |
BCDF Technical Analysis
Positive
―
Price Trends
31.89
Positive
31.57
Positive
31.04
Positive
Market Momentum
0.28
Positive
63.26
Neutral
81.29
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BCDF, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 32.64, equal to the 50-day MA of 31.89, and equal to the 200-day MA of 31.04, indicating a bullish trend. The MACD of 0.28 indicates Positive momentum. The RSI at 63.26 is Neutral, neither overbought nor oversold. The STOCH value of 81.29 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BCDF.
BCDF Peer Comparison
Comparison Results
Performance Comparison
BCDF
Horizon Kinetics Blockchain Development ETF
33.06
3.17
10.61%
HECO
SPDR Galaxy Hedged Digital Asset Ecosystem ETF
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IQM
Franklin Intelligent Machines ETF
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TEKY
Lazard Next Gen Technologies ETF
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BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy 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.
DisclaimerThis 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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