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Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC)
Rating:52Neutral
Price Target:
$31.00
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid returns so far this year, indicating strong momentum in its holdings.
Exposure to Growth Sectors
The fund is heavily weighted in Financial and Technology sectors, which are key drivers of innovation and growth.
Global Diversification
While primarily focused on the U.S., the ETF includes exposure to international markets like Hong Kong, Canada, and Germany.
Negative Factors
High Expense Ratio
The ETF charges a relatively high fee compared to many other funds, which could eat into investor returns over time.
Underperforming Top Holding
Canaan, one of the largest positions, has shown negative performance this year, which may drag on overall returns.
Limited Sector Diversification
The ETF is heavily concentrated in Financial and Technology sectors, leaving it vulnerable to downturns in these industries.
BLKC vs. SPDR S&P 500 ETF (SPY)
AUM7.72M
RegionGlobal
Expense Ratio0.60%
Beta1.40
IssuerInvesco
Inception DateOct 07, 2021
Dividend Yield17.27%
Asset ClassEquity
Index TrackedAlerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume2,950
30 Day Avg. Volume1,940
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
42.77Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering75
BLKC Summary
The Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) focuses on companies using blockchain technology to innovate industries like finance, supply chain, and digital transactions. It includes well-known names like Walmart and Nestlé, along with emerging blockchain-focused firms such as Bitfarms and Cipher Mining. This ETF is ideal for investors who believe in the growth potential of blockchain technology and want to diversify their portfolio with exposure to this cutting-edge sector. However, new investors should be aware that the ETF’s performance can be volatile, as it is heavily tied to the success of blockchain and cryptocurrency-related industries.
How much will it cost me?The expense ratio for the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) is 0.6%, which means you’ll pay $6 per year for every $1,000 invested. This is higher than average because the fund is actively managed and focuses on a niche sector like blockchain, which requires specialized research and management.
What would affect this ETF?The BLKC ETF could benefit from increasing adoption of blockchain technology across industries like finance and supply chain, as well as growing interest in decentralized commerce solutions. However, it may face challenges from regulatory scrutiny on cryptocurrencies and blockchain applications, as well as potential economic slowdowns that could impact technology and financial sectors globally.
BLKC Top 10 Holdings
The BLKC ETF is heavily concentrated in blockchain and cryptocurrency-related companies, with a strong tilt toward the technology and financial sectors. Applied Digital and Cipher Mining have been rising stars, benefiting from bullish technical momentum and strategic positioning in AI and blockchain infrastructure. Bitfarms also shows steady growth, driven by revenue expansion and operational improvements. However, Canaan and Bitdeer Technologies are lagging, weighed down by financial challenges and unattractive valuations. With global exposure and a focus on innovation, the fund’s performance hinges on the volatile but promising blockchain sector.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Canaan | 1.70% | $134.00K | $886.42M | 64.15% | 54 Neutral | |
| Bitdeer Technologies | 1.40% | $110.70K | $4.97B | 157.84% | 53 Neutral | |
| Applied Digital Corporation | 1.39% | $110.23K | $9.35B | 315.36% | 53 Neutral | |
| Cipher Mining | 1.36% | $107.28K | $8.13B | 262.90% | 58 Neutral | |
| Qualcomm | 1.35% | $106.60K | $182.29B | 2.86% | 78 Outperform | |
| Advanced Micro Devices | 1.33% | $104.91K | $410.45B | 55.19% | 77 Outperform | |
| Semler Scientific | 1.32% | $104.48K | $469.45M | 6.32% | 62 Neutral | |
| Core Scientific Inc | 1.31% | $103.64K | $5.94B | 38.95% | 51 Neutral | |
| Bitfarms | 1.29% | $102.31K | $2.55B | 112.15% | 60 Neutral | |
| International Business Machines | 1.29% | $102.07K | $287.39B | 48.78% | 77 Outperform |
BLKC Technical Analysis
Positive
―
Price Trends
28.39
Positive
26.44
Positive
23.49
Positive
Market Momentum
0.61
Positive
56.19
Neutral
60.15
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BLKC, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 31.16, equal to the 50-day MA of 28.39, and equal to the 200-day MA of 23.49, indicating a bullish trend. The MACD of 0.61 indicates Positive momentum. The RSI at 56.19 is Neutral, neither overbought nor oversold. The STOCH value of 60.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BLKC.
BLKC Peer Comparison
Comparison Results
Performance Comparison
BLKC
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF
31.23
12.32
65.15%
AGIX
KraneShares Artificial Intelligence & Technology ETF
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BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
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BCDF
Horizon Kinetics Blockchain Development ETF
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MNRS
Grayscale Bitcoin Miners ETF
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SATO
Invesco Alerian Galaxy Crypto Economy 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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