BKCH

Global X Blockchain ETF

BKCH tracks a market-cap-weighted index of global companies involved in blockchain technologies.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

50 bp

EXPENSES

$164.8 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGlobal X
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateJul 14, 2021
Assets (mns)$165
Expense ratio50 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionMarket Cap
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
NVIDIA CORP 20.7 %
COINBASE GLOBAL, INC. CLASS A 9.3 %
MARATHON DIGITAL HOLDINGS INC 8.9 %
CLEANSPARK, INC. 7.3 %
IRIS ENERGY LTD. 7.0 %
RIOT BLOCKCHAIN INC 5.5 %
TERAWULF INC. 4.2 %
BITFARMS LTD. 4.1 %
GALAXY DIGITAL HOLDINGS LTD. 4.1 %
HUT 8 MINING CORP. 3.7 %
Constituent Breakdown
Number of holdings25
Herfindahl-Hirschman Index 848
Wgt avg mkt cap (mns)$75,010
Large cap (>$10bn)18.6%
Mid cap ($2-10bn)17.1%
Small cap (<$2bn)64.3%
Developed mkts.95.5%
Emerging mkts.4.5%
Country Exposure
UNITED STATES 73.7 %
CANADA 10.2 %
AUSTRALIA 7.0 %
CHINA 3.4 %
GERMANY 3.2 %
THAILAND 1.6 %
BRITAIN 0.7 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -11.1% 61.6% 121.6% -- -- -- 22.3%
Volatility 81.4% 76.4% 77.4% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.704%
MSCI EAFE2.7610%
MSCI Emg Mkts2.076%
Liquidity Measures
Avg. volume (000)46
Turnover1.5%
Avg. Bid/Ask (% of price)0.56%
ADV of underlying (mns)$79,986
Technical Indicators
Recent close$52.54
30d moving avg.$45.00
Annualized volatility156.1%
Relative strength (RSI)59
Short interest (ETF)2.3%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: BKCH vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.1 -27.1 2.3 0.1% --
Based on closing prices from 6/13/2024
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SHOWING:
Price-to-Earnings
BKCH



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

BKCH

-3.8%

Cat. Avg

3.8%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-3.8%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 344 funds in the Global category, with an average ALTAR Score™ of 3.8% and a standard deviation of 4.7%. BKCH's ALTAR Score™ is approximately 1.6 standard deviations below the category average. This places BKCH in the 5th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
BKCH
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
BKCH 50.0 56.0 106
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .