BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
BLCN tracks an index of global companies involved in developing, researching, or using blockchain technologies.
Fund Basics
| Fund sponsor | SRN Advisors |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 07, 2020 |
| Assets (mns) | $77 |
| Expense ratio | 68 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| COINBASE GLOBAL, INC. CLASS A | 4.4 % |
| MICROSTRATEGY INC-CL A | 3.5 % |
| MARATHON DIGITAL HOLDINGS INC | 3.5 % |
| NVIDIA CORP | 3.0 % |
| GMO INTERNET INC | 2.4 % |
| META PLATFORMS INC | 2.3 % |
| BAIDU INC - SPON ADR | 2.3 % |
| MICROSOFT CORP | 2.2 % |
| ADVANCED MICRO DEVICES | 2.2 % |
| PAYPAL HOLDINGS INC | 2.2 % |
Constituent Breakdown
| Number of holdings | 60 |
| Herfindahl-Hirschman Index | 181 |
| Wgt avg mkt cap (mns) | $129,028 |
| Large cap (>$10bn) | 48.0% |
| Mid cap ($2-10bn) | 17.5% |
| Small cap (<$2bn) | 17.0% |
| Developed mkts. | 84.4% |
| Emerging mkts. | 15.6% |
Country Exposure
 |
UNITED STATES | 56.4 % |
 |
JAPAN | 15.0 % |
 |
CHINA | 12.1 % |
 |
GERMANY | 4.6 % |
 |
SWITZERLAND | 3.3 % |
 |
SOUTH KOREA | 1.8 % |
 |
TAIWAN | 1.8 % |
 |
ISRAEL | 1.4 % |
 |
INDIA | 1.3 % |
 |
IRELAND | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.2% | -43.0% | -31.9% | -3.5% | -1.2% | -- | -5.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.30 | 72% |
| MSCI EAFE | 1.19 | 58% |
| MSCI Emg Mkts | 1.04 | 52% |
Liquidity Measures
| Avg. volume (000) | 44 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 1.31% |
| ADV of underlying (mns) | $38,093 |
Technical Indicators
| Recent close | $20.58 |
| 30d moving avg. | $21.37 |
| Annualized volatility | 32.1% |
| Relative strength (RSI) | 30 |
| Short interest (ETF) | 0.9% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BLCN |
Expenses vs. BLCN |
ALTAR Score™ vs. BLCN |
|---|---|---|---|---|
| BLOK | Amplify Transformational Data Sharing ETF | 45.2% | +3 bp | +2.4% |
| BLKC | Invesco Alerian Galaxy Blockchain Users and Decentralized Co | 40.7% | -8 bp | +2.1% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 29.2% | -8 bp | -23.1% |
| STCE | Schwab Crypto Thematic ETF | 27.7% | -38 bp | -4.2% |
| LEGR | First Trust Indxx Innovative Transaction & Process ETF | 27.6% | -3 bp | +7.9% |
| BWEB | Bitwise Web3 ETF | 27.0% | +17 bp | +1.8% |
| KOIN | Innovation Shares NextGen Protocol ETF | 26.1% | +7 bp | +6.5% |
| IBLC | iShares Blockchain and Tech ETF | 24.2% | -21 bp | -28.6% |
| TWEB | SoFi Web 3 ETF | 24.0% | -9 bp | -16.1% |
| CRPT | First Trust SkyBridge Crypto Industry and Digital Economy ET | 23.7% | +17 bp | +0.0% |
Risk and Returns: BLCN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 | --% |
Based on closing prices from 3/17/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BLCN
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™
BLCN
0.6%
Cat. Avg
4.4%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 0.6% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 338 funds in the Global Equities category, with an average ALTAR Score™
of 4.4% and a standard deviation of
5.0%. BLCN's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places BLCN in the 22nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BLCN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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) |
|
|---|---|---|---|
| BLCN | 68.0 | 131.2 | 199.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .