BLCK - ETF AI Analysis
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Corgi Crypto Infrastructure ETF (BLCK)
Rating:52Neutral
Price Target:―
Positive Factors
Strong Crypto-Linked Winners
Several top holdings tied to crypto mining and infrastructure have shown strong gains this year, helping offset weaker names in the portfolio.
Focused Exposure to Crypto Infrastructure
The fund concentrates on companies directly involved in crypto trading, mining, and related services, giving investors targeted access to this niche area.
Moderate Expense Ratio
The ETF charges a mid-range fee for a specialized strategy, which is reasonable given its narrow focus on crypto infrastructure companies.
Negative Factors
Recent Weak Overall Performance
The ETF has delivered negative returns so far this year and over the past month, showing that it has struggled in the recent market environment.
Heavy Sector Concentration
With most assets in financial and technology stocks tied to crypto, the fund is highly sensitive to downturns in this single theme.
High U.S. and Single-Theme Exposure
The portfolio is dominated by U.S.-listed crypto-related companies, offering limited geographic and industry diversification if the crypto sector falls out of favor.
BLCK vs. SPDR S&P 500 ETF (SPY)
AUM457.07K
RegionGlobal
Expense Ratio0.35%
Beta2.60
IssuerCorgi
Inception DateMay 06, 2026
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume550
30 Day Avg. Volume1,550
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
37.41Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering34
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BLCK Summary
BLCK is the Corgi Crypto Infrastructure ETF, an actively managed fund focused on companies that build and run the technology behind cryptocurrencies and blockchain, rather than holding coins directly. It follows a blockchain infrastructure theme and invests mainly in U.S. financial and tech firms tied to digital-asset trading, mining, storage, and security. Well-known holdings include Coinbase and CME Group. Someone might invest for potential long-term growth as blockchain use expands, while getting diversification across many related companies. A key risk is that it can be very volatile and may rise or fall sharply with the crypto and tech markets.
How much will it cost me?This ETF has an expense ratio of 0.35%, which means you’ll pay about $3.50 per year for every $1,000 you invest. That’s a bit higher than the cost of a typical broad, passively managed index ETF, mainly because this is an actively managed, specialized blockchain and crypto-infrastructure fund that requires more research and trading by its managers.
What would affect this ETF?BLCK could benefit if global interest in blockchain and digital assets grows, leading to more trading on platforms like Coinbase, greater use of crypto payment and custody services, and stronger demand for miners and data centers across its global financial and technology holdings. On the other hand, it may be hurt by stricter crypto regulations, sharp drops in digital asset prices, higher energy or operating costs for miners, or a broader downturn in financial and tech markets that reduces activity and investment in the crypto ecosystem.
BLCK Top 10 Holdings
BLCK is essentially a leveraged bet on the crypto plumbing, with U.S.-listed trading platforms and miners in the driver’s seat. Robinhood has been a bright spot, helping offset the recent slide in Coinbase, which has been losing steam and weighing on returns. On the mining side, names like Riot Platforms and Hut 8 have shown mixed but generally rising momentum over the past few months, while TeraWulf and IREN are more volatile and currently lagging. Overall, the fund is heavily tilted toward financial and crypto-infrastructure plays, with global blockchain exposure but a clear U.S. listing bias.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Coinbase Global | 7.74% | $34.92K | $42.18B | -56.70% | 68 Neutral | |
| Hut 8 | 5.74% | $25.89K | $9.93B | 415.39% | ― | |
| CME Group | 5.07% | $22.88K | $95.45B | -3.97% | 74 Outperform | |
| Cipher Mining | 5.00% | $22.54K | $7.24B | 314.93% | 56 Neutral | |
| Riot Platforms | 4.82% | $21.75K | $6.90B | 64.95% | 68 Neutral | |
| Circle Internet Group, Inc. Class A | 4.73% | $21.35K | $15.25B | -65.00% | 64 Neutral | |
| Robinhood | 4.36% | $19.67K | $80.97B | -15.96% | 68 Neutral | |
| BitMine Immersion Technologies | 4.28% | $19.33K | $10.01B | -47.81% | ― | |
| MARA Holdings | 3.71% | $16.75K | $3.83B | -26.49% | 64 Neutral | |
| Figure Technology Solutions, Inc. Class A | 3.71% | $16.75K | $5.51B | ― | 68 Neutral |
BLCK Technical Analysis
Negative
―
Price Trends
25.08
Negative
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BLCK, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 23.20, equal to the 50-day MA of 25.08, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLCK.
BLCK Peer Comparison
Comparison Results
Performance Comparison
BLCK
Corgi Crypto Infrastructure ETF
22.18
-4.88
-18.03%
FFND
Future Fund Active ETF
―
―
―
FDCF
Fidelity Disruptive Communications ETF
―
―
―
HECO
SPDR Galaxy Hedged Digital Asset Ecosystem ETF
―
―
―
BCDF
Horizon Kinetics Blockchain Development 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.
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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