BCDF - ETF AI Analysis

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Horizon Kinetics Blockchain Development ETF (BCDF)

Rating:65Neutral

Price Target:―

The Horizon Kinetics Blockchain Development ETF (BCDF) has a solid overall rating, reflecting a mix of strong performers and some challenges among its holdings. Top contributors like Singapore Exchange and Intercontinental Exchange stand out due to their robust financial health, strategic growth initiatives, and positive earnings momentum, which provide stability and growth potential for the fund. However, weaker holdings such as Galaxy Digital Holdings, with its revenue volatility and exposure to crypto market risks, may slightly temper the ETF's overall rating. Investors should note the fund's concentration in financial and technology sectors, which could pose risks during market downturns in these areas.

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)

AUM19.15M

RegionGlobal

Expense Ratio0.85%

Beta0.61

IssuerHorizon Kinetics

Inception DateAug 01, 2022

Dividend Yield1.48%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume1,289

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

36.34

Price 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 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
URB.A	Urbana	7.06%	$1.36M	C$358.80M	58.73%	69 Neutral
CBOE	Cboe Global Markets	6.63%	$1.28M	$26.06B	25.70%	75 Outperform
X	TMX Group	5.73%	$1.10M	C$14.49B	22.52%	70 Outperform
NDAQ	Nasdaq	5.64%	$1.09M	$53.06B	16.73%	78 Outperform
S68	Singapore Exchange	5.47%	$1.05M	S$18.01B	46.63%	80 Outperform
ICE	Intercontinental Exchange	5.25%	$1.01M	$91.26B	4.75%	80 Outperform
CACI	Caci International	5.18%	$997.21K	$12.37B	38.89%	78 Outperform
GLXY	Galaxy Digital	4.40%	$847.73K	$9.49B	21.40%	70 Outperform
DB1	Deutsche Boerse	4.29%	$826.00K	€39.53B	-3.89%	76 Outperform
8697	Japan Exchange Group	3.84%	$739.19K	¥1.71T	-19.84%	75 Outperform

BCDF Technical Analysis

Technical Analysis Sentiment

Negative

Last Price―

Price Trends

50DMA

31.23

Negative

100DMA

31.29

Negative

200DMA

30.40

Positive

Market Momentum

MACD

-0.12

Positive

RSI

43.90

Neutral

STOCH

7.61

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BCDF, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 30.78, equal to the 50-day MA of 31.23, and equal to the 200-day MA of 30.40, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 43.90 is Neutral, neither overbought nor oversold. The STOCH value of 7.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BCDF.

BCDF Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
BCDF	―	―	$19.15M	0.85%	―
FFND	―	―	$94.35M	1.00%	―
AIFD	―	―	$82.71M	0.75%	―
HECO	―	―	$69.46M	0.90%	―
IQM	―	―	$60.69M	0.50%	―
DECO	―	―	$14.29M	0.65%	―

Performance Comparison

BCDF

Horizon Kinetics Blockchain Development ETF

30.57

2.71

9.73%

FFND

Future Fund Active ETF

―

AIFD

TCW Artificial Intelligence ETF

―

HECO

SPDR Galaxy Hedged Digital Asset Ecosystem ETF

―

IQM

Franklin Intelligent Machines ETF

―

DECO

SPDR Galaxy Digital Asset Ecosystem ETF

―

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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