BCDF - ETF AI Analysis
Top Page
Horizon Kinetics Blockchain Development ETF (BCDF)
Rating:65Neutral
Price Target:―
Positive Factors
Focused Blockchain Infrastructure Exposure
The fund mainly holds established financial exchanges and related companies that support blockchain development, giving investors targeted exposure to the ecosystem rather than speculative coins or tokens.
Solid Performance From Several Key Holdings
Top positions like Singapore Exchange, Deutsche Boerse, Japan Exchange Group, and WisdomTree have shown strong year-to-date performance, helping support the ETF’s overall results.
Global Diversification Across Multiple Markets
Holdings spread across the U.S., Europe, Asia, and other regions reduce reliance on any single country’s market conditions.
Negative Factors
High Concentration in Financial Sector
With most assets in financial companies, the ETF is heavily exposed to risks specific to exchanges and financial services rather than being broadly diversified across industries.
Mixed Performance Among Top Holdings
Several major positions, including TMX Group, Nasdaq, Intercontinental Exchange, and Caci International, have shown weaker year-to-date performance, which can drag on the fund’s returns.
Relatively High Expense Ratio
The fund’s fee is on the higher side for an ETF, meaning more of the gross return is eaten up by costs over time.
BCDF vs. SPDR S&P 500 ETF (SPY)
AUM23.50M
RegionGlobal
Expense Ratio0.85%
Beta0.67
IssuerHorizon Kinetics
Inception DateAug 01, 2022
Dividend Yield2.35%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,782
30 Day Avg. Volume977
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
37.06Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering33
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BCDF Summary
The Horizon Kinetics Blockchain Development ETF (BCDF) is a themed fund that focuses on companies involved in blockchain technology, rather than tracking a traditional stock index. It mainly holds financial and exchange-related firms that help power trading and digital assets, such as Cboe Global Markets and Nasdaq, along with other exchanges around the world. Someone might invest in BCDF to get diversified exposure to the growth of blockchain and digital finance without picking individual stocks. A key risk is that it is heavily tied to the blockchain sector, so its price can swing a lot and may fall if interest in blockchain drops.
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 global exchanges and financial infrastructure, with names like Deutsche Boerse, Japan Exchange Group, and Cboe quietly steering the ship. Japan Exchange and Deutsche Boerse have been rising, giving the fund a solid backbone, while CACI International adds a tech-flavored boost with strong recent momentum. On the flip side, Urbana and Nasdaq have been lagging, acting as a bit of a brake on returns. With holdings spread across North America, Europe, and Asia, the ETF offers a global, finance-first angle on blockchain’s evolution.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Cboe Global Markets | 7.41% | $1.72M | $31.76B | 24.29% | 75 Outperform | |
| Urbana | 6.64% | $1.55M | C$355.09M | 12.19% | 69 Neutral | |
| Singapore Exchange | 5.60% | $1.30M | S$22.20B | 22.45% | 80 Outperform | |
| Deutsche Boerse | 5.36% | $1.25M | €52.61B | 29.72% | 76 Outperform | |
| TMX Group | 5.34% | $1.24M | $10.24B | -1.81% | 70 Outperform | |
| Caci International | 5.20% | $1.21M | $13.50B | 19.65% | 78 Outperform | |
| Nasdaq | 4.93% | $1.15M | $52.35B | 5.34% | 78 Outperform | |
| Intercontinental Exchange | 4.80% | $1.12M | $87.68B | -0.83% | 80 Outperform | |
| Japan Exchange Group | 4.70% | $1.09M | ¥2.31T | 14.70% | 75 Outperform | |
| WisdomTree | 4.42% | $1.03M | $3.43B | 73.39% | 71 Outperform |
BCDF Technical Analysis
Positive
―
Price Trends
33.01
Negative
32.14
Positive
31.85
Positive
Market Momentum
-0.22
Negative
48.84
Neutral
78.13
Neutral
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 32.36, equal to the 50-day MA of 33.01, and equal to the 200-day MA of 31.85, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 48.84 is Neutral, neither overbought nor oversold. The STOCH value of 78.13 is Neutral, 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
32.48
1.47
4.74%
BLDX
Impax Global Infrastructure ETF
―
―
―
FFND
Future Fund Active ETF
―
―
―
HECO
SPDR Galaxy Hedged Digital Asset Ecosystem ETF
―
―
―
DECO
SPDR Galaxy Digital Asset Ecosystem ETF
―
―
―
BLCK
Corgi Crypto Infrastructure 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: ―
Table of Contents