Horizon Kinetics Blockchain Development ETFBCDF
- AUM
- $24M
- Fee
- 0.85%
- Yield
- 2.3%
- Bumpy · 1Y
- 1.1×S&P
- Volume
- 220
- NAV
- $33.65
52-week range7% below the high
$29.01$36.27
| Returns | Today | 1W | 1M | 3M | YTD | 1Y | 3Y | 5Y | Max |
|---|---|---|---|---|---|---|---|---|---|
| Total return | +1.7% | −0.2% | +4.4% | +2.3% | +12.0% | +11.9% | +66.9% | — | +38.8% |
| S&P 500 · VOO | +2.3% | +0.1% | −3.3% | −2.1% | +11.3% | +13.6% | +81.6% | +75.4% | — |
BCDF in One Breath
BCDF Among Its Peers
End-of-day Nov 10, 2026 · 1 ETFs by YTD
$10,000 in BCDF
$10,000 in BCDF became
$13,877
In the S&P 500 (VOO)
$19,561
Total return, dividends in · Aug 2, 2022 – Nov 9, 2026 · S&P 500 uses VOO
BCDF’s Top Holdings
TodayCBOECboe Global Markets8.6%URB-A.TO6.2%X.TO6.2%DB1.DE5.6%NDAQ5.5%ICE5.1%CACI5.1%8697.T4.2%SAIC3.8%TW3.7%WT3.7%ASX.AX3.4%LSEG.L3.2%LB3.0%MIAX2.8%HE2.4%CME2.3%ENX.PA2.2%OTCM2.1%GLXY1.8%BR1.6%MKTX1.5%12 more
Financial - DataInformation Technology ServicesAsset ManagementFinancial - Capital MarketsOilRegulated ElectricOther
Horizon Kinetics BCDF · 34 holdings · tile size = share of the fund · as of Nov 9, 2026
What BCDF Holds
TodayFinancial - Data & Stock Exchanges46.4%
CBOE 8.6 · X.TO 6.2 · DB1.DE 5.6 · NDAQ 5.5 · ICE 5.1 · 8697.T 4.2 · ASX.AX 3.4
Information Technology Services10.5%
CACI 5.1 · SAIC 3.8 · BR 1.6
Asset Management9.9%
URB-A.TO 6.2 · WT 3.7
Financial - Capital Markets9.9%
TW 3.7 · MIAX 2.8 · GLXY 1.8 · MKTX 1.5 · CRCL
Oil & Gas Exploration & Production3.0%
LB 3.0
Regulated Electric2.4%
HE 2.4
Asset Management - Cryptocurrency0.8%
BTC
Horizon Kinetics BCDF · share of the fund by industry · as of Nov 9, 2026
Cboe’s Share of BCDF
Today8.6%
$86 of every $1,000 in BCDF is Cboe
Cboe held by BCDF
$2.1M
Horizon Kinetics BCDF · each square = $10 of $1,000 · as of Nov 9, 2026
BCDF’s Size vs Its Peers
Today$24.4Mthe largest ETF
AUM · BCDF and the 0 largest peers · Nov 10, 2026
BCDF Fee per $100 vs Peers
TodayExpense ratio · peers · Nov 10, 2026
Inside BCDF
34 holdings · as of Nov 9, 2026BCDF
Horizon Kinetics Blockchain Development ETF
TodayFinancial - Data46.4%CBOE8.6%X.TO6.2%DB1.DE5.6%NDAQ5.5%ICE5.1%8697.T4.2%ASX.AX3.4%LSEG.L3.2%CME2.3%ENX.PA2.2%Information Technology Services10.5%CACI5.1%SAIC3.8%BRAsset Management9.9%URB-A.TO6.2%WTFinancial - Capital Markets9.9%TW3.7%MIAXGLXY1.8%MKTXOil3.0%LBHEBTCBAHOther16.8%OTCMNZX.N
| # | Ticker | Company | Weight ▼ |
|---|---|---|---|
| 1 | CBOE | CBOE Global Markets | 8.59% |
| 2 | URB-A.TO | Urbana | 6.23% |
| 3 | X.TO | TMX Group | 6.21% |
| 4 | DB1.DE | Deutsche Boerse AG | 5.63% |
| 5 | NDAQ | Nasdaq | 5.52% |
| 6 | ICE | Intercontinental Exchange | 5.14% |
| 7 | CACI | CACI International | 5.12% |
| 8 | 8697.T | Japan Exchange Group | 4.17% |
| 9 | SAIC | Science Applications International | 3.75% |
| 10 | TW | Tradeweb Markets | 3.70% |
Financial - DataInformation Technology ServicesAsset ManagementFinancial - Capital MarketsOilRegulated ElectricAsset Management - CryptocurrencyConsulting ServicesSoftware - ServicesREIT - SpecialtyBiotechnologyOther
Horizon Kinetics BCDF · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 80.8%
All BCDF Holdings
36 holdings · as of Nov 9, 2026BCDF
BCDF’s Holdings
Today| # | ||||||
|---|---|---|---|---|---|---|
| 1 | CBOECBOE Global Markets | Financial Services | 8.59% | $858.61 | 5,858 | $2.1M |
| 2 | —US Bank Mmda - Usbgfs 7 06/01/2031 | — | 7.58% | $758.01 | 1.8M | $1.8M |
| 3 | URB-A.TOUrbana | Financial Services | 6.23% | $623.18 | 262K | $1.5M |
| 4 | X.TOTMX Group | Financial Services | 6.21% | $620.59 | 34K | $1.5M |
| 5 | DB1.DEDeutsche Boerse AG | Financial Services | 5.63% | $562.78 | 3,803 | $1.4M |
| 6 | NDAQNasdaq | Financial Services | 5.52% | $551.63 | 12K | $1.3M |
| 7 | —Singapore Exchange | — | 5.36% | $536.01 | 81K | $1.3M |
| 8 | ICEIntercontinental Exchange | Financial Services | 5.14% | $514.11 | 7,193 | $1.2M |
| 9 | CACICACI International | Technology | 5.12% | $511.70 | 2,018 | $1.2M |
| 10 | 8697.TJapan Exchange Group | Financial Services | 4.17% | $417.27 | 77K | $1.0M |
| 11 | SAICScience Applications International | Technology | 3.75% | $375.30 | 6,183 | $905K |
| 12 | TWTradeweb Markets | Financial Services | 3.70% | $370.06 | 6,983 | $892K |
| 13 | WTWisdomTree | Financial Services | 3.67% | $366.61 | 45K | $884K |
| 14 | ASX.AXASX | Financial Services | 3.37% | $337.06 | 18K | $812K |
| 15 | LSEG.LLondon Stock Exchange Group | Financial Services | 3.19% | $318.59 | 6,074 | $768K |
Horizon Kinetics BCDF · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026
How It Compares
BCDF
Horizon Kinetics Blockchain Development ETF’s Peers
TodayBCDF has no close peers in our data yet: […]
Similar peers · Today’s and past-year returns · as of Nov 10, 2026 · sorted by AUM
Head to Head
BCDF vs VOO
YTDBCDF · Horizon Kinetics Blockchain Development
+12.0%
VOO · S&P 500
+11.3%
Gap
0.8 pts
Horizon Kinetics BCDF and Vanguard VOO · Today total return · as of Nov 10, 2026
BCDF vs Its Peer Average
YTDBCDFAvsBPeer average
1D+1.7%[…]
1M+4.4%[…]
3M+2.3%[…]
YTD+12.0%[…]
1Y+11.9%[…]
3Y+66.9%[…]
0–0level
0 peers · each row scaled to its leader
How Bumpy Is BCDF?
ViewBCDF
How Bumpy
1Y1.1×the S&P 500’s swings
CalmerBumpierS&P 1×BCDF
S&P 500 swings · 1Y13.7%
Horizon Kinetics BCDF · daily swings over the past year vs the S&P 500
BCDF
Worst Drop
1Y−14.0%from its May 22 high
Still below the high−1.5%
$10,000 at the high is now$9,850
Horizon Kinetics BCDF · fall from the highest close, past year
BCDF
On a Bad Day
1Y0.5×the S&P 500’s fall
BCDF’s worst day: Tuesday, Feb 3Up days55 of every 100
S&P 500 up days52 of every 100
Horizon Kinetics BCDF · average move on days the S&P 500 fell
BCDF
Return for the Bumps
1YNo peers with a full year of prices to rank against yet.
Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%
BCDF
Cost
Today$85a year per $10,000
Expense ratio 0.85%, taken from the fund’s value
BCDF
Volatility & Beta
1Y14.8%annual volatility
S&P 500 volatility13.7%
Downside volatility10.6%
Beta vs SPY0.42
Correlation vs SPY0.39
Daily total returns × √252 · past 254 trading days
BCDF
Max Drawdown
1Y−14.0%peak to trough
Peak closeMay 22, 2026
Current drawdown−1.5%
Worst day−2.72% · Feb 3
Closing prices, dividends in
BCDF
Up / Down Capture
1Y47%down capture vs SPY
Up ÷ down capture1.17
Up days55.1% (S&P 52.4%)
Average daily move on SPY up days and down days
BCDF
Sharpe & Sortino vs Peers
1Y| Fund | Sharpe | Sortino | Volatility | Max DD | Beta | Fee / $10k |
|---|---|---|---|---|---|---|
| BCDF | 0.61 | 0.85 | 14.8% | −14.0% | 0.42 | $85 |
Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only
BCDF
Trading
Today+0.62%above its holdings’ value
Close$33.86
NAV$33.65
Fee per $10,000$85 a year
Avg. volume 30D1K shares
Close vs net asset value, Nov 9
The Details
BCDF
Fund Facts
Today2022launched Aug 1
Tracks[…]
Exchange · CUSIPAMEX · 53656G209
StructureETF
Leverage1x
Cost on $10,000$85 a year
Go deeper
Horizon Kinetics BCDF · fund facts · as of Nov 10, 2026
BCDF
Payouts by Year
4Y$0.76per share, Dec 2025
Distribution yield2.3%
PaidOnce a year
Latest ex-date · paidDec 23 · Dec 24, 2025
5 payouts added up$1.46 a share
Horizon Kinetics BCDF · distributions by ex-date · 2022–2025
All Fund FactsDocuments · trading · fees · every payout
Prospectus & Documents
SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗SEC reported portfolio · 2025-06-30 ↗SEC reported portfolio · 2025-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2024-12-31 ↗
Trading & Liquidity
Net asset value$33.65
Premium / discount[…]
Median spread · 30D[…]
Volume today220
Average volume · 30D1K
Shares outstanding[…]
Options[…]
Fees & Costs
Net expense ratio0.85%
Gross expense ratio[…]
Management fee[…]
Cost on $10,000 a year$85.00
Our risk indicator4/5
Estimated yearly cost excludes trading costs and assumes constant assets.
Distributions
| Ex-date | Paid | Per share |
|---|---|---|
| Dec 23, 2025 | Dec 24, 2025 | $0.76 |
| Dec 24, 2024 | Dec 26, 2024 | $0.45 |
| Dec 27, 2023 | Dec 29, 2023 | $0.17 |
| Dec 28, 2022 | Dec 30, 2022 | $0.0524 |
| Sep 28, 2022 | Sep 30, 2022 | $0.0219 |
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