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: 10/04/2022
  • Ticker

    BCDF

  • CUSIP

    53656G209

  • ISIN

    US53656G2093

  • Fund Type

    Active Equity ETF

  • Exchange

    NYSE

  • Inception Date

    8/1/2022

  • Expense Ratio

    0.85%

  • Typical Number of Holdings

    20 to 40

  • Net Assets

    $2,217,165

Data as of: 10/05/2022
Daily Holdings
  • % Net Assets

    6.51%

  • Name

    WISDOMTREE INVTS INC

  • Ticker

    WETF

  • CUSIP

    97717P104

  • Shares Held

    28,848

  • Market Value

    $144,240

  • % Net Assets

    6.29%

  • Name

    SILVERGATE CAP CORP

  • Ticker

    SI

  • CUSIP

    82837P408

  • Shares Held

    1,724

  • Market Value

    $139,420

  • % Net Assets

    6.11%

  • Name

    BAKKT HOLDINGS INC

  • Ticker

    BKKT

  • CUSIP

    05759B107

  • Shares Held

    55,972

  • Market Value

    $135,452

  • % Net Assets

    5.76%

  • Name

    DEUTSCHE BOERSE AG

  • Ticker

    DB1 GR

  • CUSIP

    7021963

  • Shares Held

    748

  • Market Value

    $127,724

  • % Net Assets

    5.56%

  • Name

    GALAXY DIGITAL HOLDINGS LTD

  • Ticker

    GLXY CN

  • CUSIP

    BD5H1G9

  • Shares Held

    24,124

  • Market Value

    $123,180

  • % Net Assets

    5.26%

  • Name

    CACI INTL INC

  • Ticker

    CACI

  • CUSIP

    127190304

  • Shares Held

    428

  • Market Value

    $116,626

  • % Net Assets

    5.19%

  • Name

    ASX LTD

  • Ticker

    ASX AU

  • CUSIP

    6129222

  • Shares Held

    2,468

  • Market Value

    $114,962

  • % Net Assets

    5.12%

  • Name

    SIGNATURE BK NEW YORK N Y

  • Ticker

    SBNY

  • CUSIP

    82669G104

  • Shares Held

    692

  • Market Value

    $113,550

  • % Net Assets

    4.56%

  • Name

    TMX GROUP LTD

  • Ticker

    X CN

  • CUSIP

    B8KH5G7

  • Shares Held

    1,016

  • Market Value

    $101,118

  • % Net Assets

    4.51%

  • Name

    SCIENCE APPLICATIONS INTL CORP COM

  • Ticker

    SAIC

  • CUSIP

    808625107

  • Shares Held

    1,068

  • Market Value

    $99,997

  • % Net Assets

    4.35%

  • Name

    INTERCONTINENTAL EXCHANGE INC COM

  • Ticker

    ICE

  • CUSIP

    45866F104

  • Shares Held

    1,024

  • Market Value

    $96,420

  • % Net Assets

    4.32%

  • Name

    SINGAPORE EXCHANGE

  • Ticker

    SGX SP

  • CUSIP

    6303866

  • Shares Held

    14,328

  • Market Value

    $95,681

  • % Net Assets

    4.08%

  • Name

    NEW YORK CMNTY BANCORP INC

  • Ticker

    NYCB

  • CUSIP

    649445103

  • Shares Held

    9,860

  • Market Value

    $90,515

  • % Net Assets

    3.96%

  • Name

    DIGITAL GARAGE

  • Ticker

    4819 JP

  • CUSIP

    6309422

  • Shares Held

    3,512

  • Market Value

    $87,767

  • % Net Assets

    3.72%

  • Name

    CUSTOMERS BANCORP INC

  • Ticker

    CUBI

  • CUSIP

    23204G100

  • Shares Held

    2,496

  • Market Value

    $82,468

  • % Net Assets

    3.70%

  • Name

    CORE SCIENTIFIC INC

  • Ticker

    CORZ

  • CUSIP

    21873J108

  • Shares Held

    48,206

  • Market Value

    $81,950

  • % Net Assets

    3.68%

  • Name

    CME GROUP INC

  • Ticker

    CME

  • CUSIP

    12572Q105

  • Shares Held

    448

  • Market Value

    $81,594

  • % Net Assets

    3.14%

  • Name

    LONDON STOCK EXCH

  • Ticker

    LSEG LN

  • CUSIP

    B0SWJX3

  • Shares Held

    792

  • Market Value

    $69,703

  • % Net Assets

    3.11%

  • Name

    MARKETAXESS HLDGS INC

  • Ticker

    MKTX

  • CUSIP

    57060D108

  • Shares Held

    292

  • Market Value

    $68,953

  • % Net Assets

    2.99%

  • Name

    JAPAN EXCHANGE GP

  • Ticker

    8697 JP

  • CUSIP

    6743882

  • Shares Held

    4,776

  • Market Value

    $66,240

  • % Net Assets

    2.93%

  • Name

    TRADEWEB MKTS INC

  • Ticker

    TW

  • CUSIP

    892672106

  • Shares Held

    1,108

  • Market Value

    $64,918

  • % Net Assets

    2.41%

  • Name

    URBANA CORP CL A NON VTG

  • Ticker

    URB/A CN

  • CUSIP

    B1N4CX2

  • Shares Held

    18,706

  • Market Value

    $53,538

  • % Net Assets

    1.18%

  • Name

    Cash & Other

  • Ticker

    Cash&Other

  • CUSIP

    Cash&Other

  • Shares Held

    26,076

  • Market Value

    $26,076

  • % Net Assets

    0.90%

  • Name

    APPLIED BLOCKCHAIN INC

  • Ticker

    APLD

  • CUSIP

    038169207

  • Shares Held

    11,576

  • Market Value

    $20,026

  • % Net Assets

    0.67%

  • Name

    MAWSON INFRASTRUCTURE GROUP IN COM NEW

  • Ticker

    MIGI

  • CUSIP

    57778N208

  • Shares Held

    33,232

  • Market Value

    $14,954

Data as of: 10/05/2022
Daily Holdings
  • % Net Assets

    Name

    Ticker

    CUSIP

    Shares Held

    Market Value

  • 6.51%

    WISDOMTREE INVTS INC

    WETF

    97717P104

    28,848

    $144,240

  • 6.29%

    SILVERGATE CAP CORP

    SI

    82837P408

    1,724

    $139,420

  • 6.11%

    BAKKT HOLDINGS INC

    BKKT

    05759B107

    55,972

    $135,452

  • 5.76%

    DEUTSCHE BOERSE AG

    DB1 GR

    7021963

    748

    $127,724

  • 5.56%

    GALAXY DIGITAL HOLDINGS LTD

    GLXY CN

    BD5H1G9

    24,124

    $123,180

  • 5.26%

    CACI INTL INC

    CACI

    127190304

    428

    $116,626

  • 5.19%

    ASX LTD

    ASX AU

    6129222

    2,468

    $114,962

  • 5.12%

    SIGNATURE BK NEW YORK N Y

    SBNY

    82669G104

    692

    $113,550

  • 4.56%

    TMX GROUP LTD

    X CN

    B8KH5G7

    1,016

    $101,118

  • 4.51%

    SCIENCE APPLICATIONS INTL CORP COM

    SAIC

    808625107

    1,068

    $99,997

  • 4.35%

    INTERCONTINENTAL EXCHANGE INC COM

    ICE

    45866F104

    1,024

    $96,420

  • 4.32%

    SINGAPORE EXCHANGE

    SGX SP

    6303866

    14,328

    $95,681

  • 4.08%

    NEW YORK CMNTY BANCORP INC

    NYCB

    649445103

    9,860

    $90,515

  • 3.96%

    DIGITAL GARAGE

    4819 JP

    6309422

    3,512

    $87,767

  • 3.72%

    CUSTOMERS BANCORP INC

    CUBI

    23204G100

    2,496

    $82,468

  • 3.70%

    CORE SCIENTIFIC INC

    CORZ

    21873J108

    48,206

    $81,950

  • 3.68%

    CME GROUP INC

    CME

    12572Q105

    448

    $81,594

  • 3.14%

    LONDON STOCK EXCH

    LSEG LN

    B0SWJX3

    792

    $69,703

  • 3.11%

    MARKETAXESS HLDGS INC

    MKTX

    57060D108

    292

    $68,953

  • 2.99%

    JAPAN EXCHANGE GP

    8697 JP

    6743882

    4,776

    $66,240

  • 2.93%

    TRADEWEB MKTS INC

    TW

    892672106

    1,108

    $64,918

  • 2.41%

    URBANA CORP CL A NON VTG

    URB/A CN

    B1N4CX2

    18,706

    $53,538

  • 1.18%

    Cash & Other

    Cash&Other

    Cash&Other

    26,076

    $26,076

  • 0.90%

    APPLIED BLOCKCHAIN INC

    APLD

    038169207

    11,576

    $20,026

  • 0.67%

    MAWSON INFRASTRUCTURE GROUP IN COM NEW

    MIGI

    57778N208

    33,232

    $14,954

Data as of: 10/04/2022
  • Net Asset Value

    $22.17

  • NAV Change

    $0.95

  • Median 30 Day Spread

    %

  • Market Price

    $22.26

  • Market Price Change

    $1.00

  • Premium/Discount

    $0.09 | 0.40%

Historical Data

Premium/Discount Range (%)

Date

  • Greatest Premium

    0.40% 10/04/2022

  • Greatest Discount

    N/A

  • Number of Days At

  • Premium:

    2

  • NAV:

    0

  • Discount:

    0

  • Days Within Percent of NAV

  • Percent of Days +/- 0.5% of NAV:

    100%

  • Number of Days +/- 0.5% of NAV:

    2

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").

Resources

Press Releases

  • Peter Doyle and Brandon Colavita interviewed by Deep Knowledge Investing
    View
  • Brandon Colavita interviewed for NYSE What’s The Fund?
    Watch
  • Peter Doyle and Brandon Colavita interviewed for NYSE "Exchange"
    Watch
  • Brandon Colavita interviewed for NYSE ETF Takeaway
    Watch
  • BCDF Launch Press Release
    View PDF
  • Peter Doyle and Brandon Colavita interviewed by Deep Knowledge Investing
    View
  • Brandon Colavita interviewed for NYSE What’s The Fund?
    Watch
  • Peter Doyle and Brandon Colavita interviewed for NYSE "Exchange"
    Watch
  • Brandon Colavita interviewed for NYSE ETF Takeaway
    Watch
  • BCDF Launch Press Release
    View PDF
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.