BLCK - ETF AI Analysis
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Corgi Crypto Infrastructure ETF (BLCK)
BLCK, the Corgi Crypto Infrastructure ETF, has a solid overall rating driven mainly by strong, established players like PayPal and CME Group, which bring resilient financial performance and strategic growth in payments and crypto-related trading. Other key holdings such as Coinbase, Robinhood, and Riot Platforms add growth potential but also introduce risks around technical weakness, high valuations, and cash flow issues. The main risk factor is the fund’s heavy focus on crypto infrastructure companies, which can make performance more volatile and sensitive to shifts in the crypto market.
BLCK vs. SPDR S&P 500 ETF (SPY)
- AUM
- 376.32K
- Region
- Global
- Expense Ratio
- 0.35%
- Beta
- 1.54
- Issuer
- Corgi
- Inception Date
- May 06, 2026
- Dividend Yield
- N/A
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
BLCK Summary
BLCK (Corgi Crypto Infrastructure ETF) is an actively managed fund that focuses on companies building the “plumbing” of the blockchain and crypto world, rather than holding cryptocurrencies directly. It follows a crypto-infrastructure theme and invests mainly in U.S. firms across finance and technology, including well-known names like Coinbase and CME Group. Investors might consider BLCK if they want growth potential from the long-term adoption of digital assets while spreading their money across many related companies. A key risk is that it is heavily tied to the crypto and blockchain sector, so its price can swing sharply with changes in crypto markets and sentiment.
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 bet on the plumbing of the crypto world, with U.S.-listed trading platforms and miners in the driver’s seat. Coinbase and Circle have been rising over the past quarter, helping performance, while steadier names like CME and PayPal add a more traditional financial backbone. On the flip side, Robinhood, Figure, and miners like Riot and IREN have been lagging lately, acting as a drag. Overall, the fund is heavily tilted toward financial and crypto‑infrastructure plays with a mostly U.S.-centric, globally connected footprint.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 COIN | Coinbase Global | 8.50% | $29.86K | $38.00B | -59.91% | 68Neutral |
 CRCL | Circle Internet Group, Inc. Class A | 6.86% | $24.08K | $18.51B | -43.24% | 64Neutral |
 CME | CME Group | 7.60% | $26.68K | $108.50B | 15.35% | 74Outperform |
 BMNR | BitMine Immersion Technologies | 6.32% | $22.20K | $12.17B | -58.11% | ―― |
 HOOD | Robinhood | 5.13% | $18.02K | $76.61B | -42.88% | 68Neutral |
 HUT | Hut 8 | 4.33% | $15.21K | $7.32B | 8.58% | ―― |
 PYPL | PayPal Holdings | 4.16% | $14.59K | $47.36B | -15.14% | 76Outperform |
 FIGR | Figure Technology Solutions, Inc. Class A | 3.74% | $13.12K | $4.84B | -44.97% | 68Neutral |
 RIOT | Riot Platforms | 3.74% | $13.12K | $4.81B | -40.14% | 68Neutral |
 IREN | IREN | 3.33% | $11.69K | $9.69B | -63.75% | 64Neutral |
BLCK Technical Analysis
Price Trends
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 16.99 is below the 20-day moving average (MA) of 19.92, below the 50-day MA of 22.54, and compared to the 200-day MA of , indicating a neutral trend. The MACD of -1.42 indicates Positive momentum. The RSI at 28.04 is Positive, neither overbought nor oversold. The STOCH value of 12.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BLCK.
BLCK Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| BLCK | $16.99 | $19.50(14.77% Upside) | $376.32K | 0.35% | 52Neutral |
 FDCF | $46.87 | $63.60(35.68% Upside) | $98.65M | 0.50% | 69Neutral |
 FFND | $31.36 | $38.66(23.27% Upside) | $94.47M | 0.98% | 66Neutral |
 HECO | $47.10 | $100.35(113.06% Upside) | $66.43M | 0.90% | 63Neutral |
 BCDF | $33.93 | $37.53(10.61% Upside) | $24.24M | 0.85% | 65Neutral |
 DECO | $53.89 | $114.64(112.72% Upside) | $17.32M | 0.65% | 63Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| BLCK | Corgi Crypto Infrastructure ETF | 16.99 | -11.38 | -40.12% | |
| FDCF | Fidelity Disruptive Communications ETF | 46.87 | -1.57 | -3.25% | |
| FFND | Future Fund Active ETF | 31.36 | 1.60 | 5.39% | |
| HECO | SPDR Galaxy Hedged Digital Asset Ecosystem ETF | 47.10 | 1.65 | 3.64% | |
| BCDF | Horizon Kinetics Blockchain Development ETF | 33.93 | 3.91 | 13.02% | |
| DECO | SPDR Galaxy Digital Asset Ecosystem ETF | 53.89 | 0.97 | 1.84% |
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.