The Horizon Kinetics Blockchain Development ETF is an actively managed ETF that seeks long-term growth of capital. It seeks to achieve its investment objective by investing primarily in equity securities that stand to benefit, either directly or indirectly, from the issuance, facilitation, custody, trading and administration of digital assets, including cryptocurrencies. The Fund focuses on the application of the blockchain technology that typically supports digital assets, and is not designed to be dependent upon the success of any individual cryptocurrency or protocol.
Data as of: 08/12/2022
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Ticker
BCDF
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CUSIP
53656G209
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ISIN
US53656G2093
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Fund Type
Active Equity ETF
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Exchange
NYSE
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Inception Date
8/1/2022
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Expense Ratio
0.85%
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Typical Number of Holdings
20 to 40
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Net Assets
$2,018,184
Data as of: 08/15/2022
Daily Holdings
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% Net Assets
7.57%
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Name
CORE SCIENTIFIC INC
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Ticker
CORZ
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CUSIP
21873J108
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Shares Held
45,475
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Market Value
$152,796
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% Net Assets
7.30%
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Name
BAKKT HOLDINGS INC
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Ticker
BKKT
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CUSIP
05759B107
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Shares Held
41,979
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Market Value
$147,346
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% Net Assets
6.86%
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Name
SILVERGATE CAP CORP
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Ticker
SI
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CUSIP
82837P408
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Shares Held
1,293
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Market Value
$138,390
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% Net Assets
6.02%
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Name
GALAXY DIGITAL HOLDINGS LTD
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Ticker
GLXY CN
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CUSIP
BD5H1G9
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Shares Held
18,093
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Market Value
$121,440
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% Net Assets
5.77%
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Name
WISDOMTREE INVTS INC
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Ticker
WETF
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CUSIP
97717P104
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Shares Held
21,636
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Market Value
$116,402
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% Net Assets
5.38%
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Name
ASX LTD
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Ticker
ASX AU
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CUSIP
6129222
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Shares Held
1,851
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Market Value
$108,553
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% Net Assets
5.31%
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Name
SIGNATURE BK NEW YORK N Y
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Ticker
SBNY
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CUSIP
82669G104
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Shares Held
519
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Market Value
$107,127
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% Net Assets
4.68%
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Name
DEUTSCHE BOERSE AG
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Ticker
DB1 GR
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CUSIP
7021963
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Shares Held
561
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Market Value
$94,541
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% Net Assets
4.47%
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Name
CACI INTL INC
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Ticker
CACI
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CUSIP
127190304
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Shares Held
321
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Market Value
$90,217
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% Net Assets
4.17%
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Name
INTERCONTINENTAL EXCHANGE INC COM
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Ticker
ICE
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CUSIP
45866F104
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Shares Held
768
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Market Value
$84,234
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% Net Assets
3.95%
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Name
NEW YORK CMNTY BANCORP INC
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Ticker
NYCB
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CUSIP
649445103
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Shares Held
7,395
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Market Value
$79,644
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% Net Assets
3.93%
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Name
DIGITAL GARAGE
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Ticker
4819 JP
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CUSIP
6309422
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Shares Held
2,634
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Market Value
$79,391
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% Net Assets
3.87%
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Name
TMX GROUP LTD
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Ticker
X CN
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CUSIP
B8KH5G7
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Shares Held
762
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Market Value
$78,135
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% Net Assets
3.80%
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Name
SINGAPORE EXCHANGE
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Ticker
SGX SP
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CUSIP
6303866
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Shares Held
10,746
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Market Value
$76,738
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% Net Assets
3.72%
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Name
SCIENCE APPLICATIONS INTL CORP COM
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Ticker
SAIC
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CUSIP
808625107
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Shares Held
801
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Market Value
$75,046
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% Net Assets
3.70%
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Name
CUSTOMERS BANCORP INC
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Ticker
CUBI
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CUSIP
23204G100
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Shares Held
1,872
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Market Value
$74,674
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% Net Assets
3.37%
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Name
CME GROUP INC
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Ticker
CME
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CUSIP
12572Q105
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Shares Held
336
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Market Value
$68,074
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% Net Assets
3.02%
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Name
TRADEWEB MKTS INC
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Ticker
TW
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CUSIP
892672106
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Shares Held
831
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Market Value
$60,921
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% Net Assets
2.94%
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Name
MARKETAXESS HLDGS INC
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Ticker
MKTX
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CUSIP
57060D108
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Shares Held
219
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Market Value
$59,318
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% Net Assets
2.92%
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Name
LONDON STOCK EXCH
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Ticker
LSEG LN
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CUSIP
B0SWJX3
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Shares Held
594
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Market Value
$58,907
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% Net Assets
2.88%
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Name
JAPAN EXCHANGE GP
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Ticker
8697 JP
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CUSIP
6743882
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Shares Held
3,582
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Market Value
$58,189
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% Net Assets
1.20%
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Name
MAWSON INFRASTRUCTURE GROUP IN COM NEW
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Ticker
MIGI
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CUSIP
57778N208
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Shares Held
24,924
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Market Value
$24,216
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% Net Assets
1.19%
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Name
URBANA CORP CL A NON VTG
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Ticker
URB/A CN
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CUSIP
B1N4CX2
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Shares Held
7,780
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Market Value
$24,073
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% Net Assets
1.03%
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Name
Cash & Other
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Ticker
Cash&Other
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CUSIP
Cash&Other
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Shares Held
20,793
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Market Value
$20,793
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% Net Assets
0.94%
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Name
APPLIED BLOCKCHAIN INC
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Ticker
APLD
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CUSIP
038169207
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Shares Held
8,682
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Market Value
$18,927
Data as of: 08/15/2022
Daily Holdings
-
% Net Assets
Name
Ticker
CUSIP
Shares Held
Market Value
-
7.57%
CORE SCIENTIFIC INC
CORZ
21873J108
45,475
$152,796
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7.30%
BAKKT HOLDINGS INC
BKKT
05759B107
41,979
$147,346
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6.86%
SILVERGATE CAP CORP
SI
82837P408
1,293
$138,390
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6.02%
GALAXY DIGITAL HOLDINGS LTD
GLXY CN
BD5H1G9
18,093
$121,440
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5.77%
WISDOMTREE INVTS INC
WETF
97717P104
21,636
$116,402
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5.38%
ASX LTD
ASX AU
6129222
1,851
$108,553
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5.31%
SIGNATURE BK NEW YORK N Y
SBNY
82669G104
519
$107,127
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4.68%
DEUTSCHE BOERSE AG
DB1 GR
7021963
561
$94,541
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4.47%
CACI INTL INC
CACI
127190304
321
$90,217
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4.17%
INTERCONTINENTAL EXCHANGE INC COM
ICE
45866F104
768
$84,234
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3.95%
NEW YORK CMNTY BANCORP INC
NYCB
649445103
7,395
$79,644
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3.93%
DIGITAL GARAGE
4819 JP
6309422
2,634
$79,391
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3.87%
TMX GROUP LTD
X CN
B8KH5G7
762
$78,135
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3.80%
SINGAPORE EXCHANGE
SGX SP
6303866
10,746
$76,738
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3.72%
SCIENCE APPLICATIONS INTL CORP COM
SAIC
808625107
801
$75,046
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3.70%
CUSTOMERS BANCORP INC
CUBI
23204G100
1,872
$74,674
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3.37%
CME GROUP INC
CME
12572Q105
336
$68,074
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3.02%
TRADEWEB MKTS INC
TW
892672106
831
$60,921
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2.94%
MARKETAXESS HLDGS INC
MKTX
57060D108
219
$59,318
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2.92%
LONDON STOCK EXCH
LSEG LN
B0SWJX3
594
$58,907
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2.88%
JAPAN EXCHANGE GP
8697 JP
6743882
3,582
$58,189
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1.20%
MAWSON INFRASTRUCTURE GROUP IN COM NEW
MIGI
57778N208
24,924
$24,216
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1.19%
URBANA CORP CL A NON VTG
URB/A CN
B1N4CX2
7,780
$24,073
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1.03%
Cash & Other
Cash&Other
Cash&Other
20,793
$20,793
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0.94%
APPLIED BLOCKCHAIN INC
APLD
038169207
8,682
$18,927
Data as of: 08/12/2022
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Net Asset Value
$26.91
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NAV Change
$0.48
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Median 30 Day Spread
%
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Market Price
$26.92
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Market Price Change
$0.51
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Premium/Discount
$0.01 | 0.05%
Historical Data
Premium/Discount Range (%)
Date
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Greatest Premium
0.76% 08/02/2022
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Greatest Discount
-0.23% 08/10/2022
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Number of Days At
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Premium:
5
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NAV:
1
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Discount:
4
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Days Within Percent of NAV
-
Percent of Days +/- 0.5% of NAV:
80%
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Number of Days +/- 0.5% of NAV:
8
The Premium/Discount chart shows the difference between the daily market price of the Fund's shares and the Fund's net asset value ("NAV").
IMPORTANT RISK DISCLOSURES
Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a statutory prospectus and summary prospectus by contacting 646-495-7333. Read it carefully before investing.
The Horizon Kinetics Blockchain Development ETF (Symbol: BCDF) is an exchange traded fund managed by Horizon Kinetics Asset Management LLC (“HKAM”).
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund’s investments in securities linked to real assets involve significant risks, including financial, operating, and competitive risks. Investments in securities linked to real assets expose the Fund to potentially adverse macroeconomic conditions, such as a rise in interest rates or a downturn in the economy in which the asset is located.
The Fund is non‐diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.
The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets.
The Fund may invest in the securities of smaller and mid‐capitalization companies, which may be more volatile than funds that invest in larger, more established companies. The fund is actively managed and may be affected by the investment adviser’s security selections.
Diversification does not assure a profit or protect against a loss in a declining market.
HKAM does not provide tax or legal advice, all investors are encouraged to consult their tax and legal advisors regarding an investment in the Fund. You may obtain additional information about HKAM at our website at www.horizonkinetics.com.
No part of this material may be copied, photocopied, or duplicated in any form, by any means, or redistributed without the express written consent of HKAM.
The Horizon Kinetics Blockchain Development ETF (BCDF) is distributed by Foreside Fund Services, LLC (“Foreside”). Foreside is not affiliated with BCDF or Horizon Kinetics LLC or its subsidiaries.
Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.