Listed Funds Trust - Horizon Kinetics Blockchain Development ETF (BCDF)

Overview

The Horizon Kinetics Blockchain Development ETF (BCDF) seeks to invest in companies involved in the development and utilization of blockchain technology. It focuses on businesses that are developing and applying blockchain technologies, rather than directly holding cryptocurrencies. The ETF aims to provide exposure to the growth potential of blockchain across various sectors.

Reputation and Reliability

Horizon Kinetics is known for its contrarian investment approach and focus on long-term value. While not a top-tier issuer in terms of AUM, they are respected for their research-driven investment philosophy.

Management Expertise

Horizon Kinetics has a team of experienced investment professionals with expertise in identifying undervalued assets and emerging trends. They have a history of investing in companies that are at the forefront of technological innovation.

Goal

The primary investment goal of BCDF is to seek long-term capital appreciation by investing in companies involved in the development, application, and utilization of blockchain technology.

Investment Approach and Strategy

Strategy: BCDF does not track a specific index. It employs an actively managed investment strategy to identify and invest in companies that are expected to benefit from the growth of blockchain technology. The fund may invest in companies of any market capitalization.

Composition BCDF typically holds stocks of companies across various sectors that are involved in blockchain technology development and implementation, including financial services, technology, and supply chain management.

Market Share: BCDF's market share in the blockchain ETF sector is relatively small compared to larger competitors.

Total Net Assets (AUM): 23230800

Key Competitors

• BLOK
• LEGR
• BKCH

Competitive Landscape

The blockchain ETF industry is competitive, with several funds vying for investor capital. BCDF's actively managed approach differentiates it from passively managed index trackers but also adds risk. Compared to competitors, BCDF may offer exposure to different companies due to its active management, but this also results in a higher expense ratio.

Historical Performance: Historical performance data should be retrieved directly from financial data providers. As of the current date, specific performance data cannot be inserted here without real-time API access. Please check official sources for up-to-date performance.

Benchmark Comparison: Benchmark comparison would involve comparing BCDF's performance against a relevant blockchain technology index or the performance of its peers. This requires external data retrieval.

Expense Ratio: 0.85

Average Trading Volume

BCDF's average trading volume can fluctuate, but it is generally lower compared to more established and larger ETFs.

Bid-Ask Spread

The bid-ask spread for BCDF may be wider compared to more liquid ETFs due to its smaller AUM and lower trading volume.

Market Environment Factors

BCDF is influenced by factors such as the adoption rate of blockchain technology, regulatory developments related to cryptocurrencies and blockchain, and overall investor sentiment towards innovation and technology stocks.

Growth Trajectory

BCDF's growth trajectory is closely tied to the expansion of blockchain technology across various industries. Changes to holdings are likely to reflect shifts in the blockchain landscape and emerging opportunities.

Competitive Edge

BCDF's competitive edge lies in its active management and the expertise of Horizon Kinetics in identifying companies with strong blockchain development potential. This active approach allows the fund to adapt to the rapidly evolving blockchain landscape and invest in companies that may be overlooked by passive index trackers. The focus on companies developing and applying blockchain tech rather than holding crypto may appeal to some investors. However, active management also brings the risk of underperformance compared to passively managed competitors.

Volatility

BCDF's volatility is expected to be high due to the speculative nature of blockchain technology and the potential for rapid changes in the industry. The ETF may experience significant price fluctuations.

Market Risk

BCDF is exposed to market risks associated with technology stocks, as well as specific risks related to the blockchain industry, such as regulatory uncertainty and technological obsolescence. Investments in small-cap or less established companies can also increase risk.

Ideal Investor Profile

The ideal investor for BCDF is one with a high-risk tolerance and a long-term investment horizon, who is interested in the growth potential of blockchain technology. This ETF is best suited for investors who understand the risks associated with emerging technologies.

Market Risk

BCDF is more suitable for long-term investors who are comfortable with the volatility of the blockchain sector. It is not ideal for risk-averse investors or those seeking short-term gains.

The Horizon Kinetics Blockchain Development ETF (BCDF) offers exposure to companies involved in blockchain technology through active management. It differentiates itself with a research-driven investment philosophy and active selection of holdings. Investors should be aware of the fund's higher expense ratio, lower liquidity, and the inherent volatility of the blockchain sector. BCDF is suited to long-term investors who understand the risks associated with nascent and developing technologies. The Fund is relatively small compared to its competitors.

Data Sources:

• ETF.com
• Morningstar
• Company Fact Sheet

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions. Market share percentages are estimates and may vary.