BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
BLCN tracks an index of global companies involved in developing, researching, or using blockchain technologies.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
68 bp
EXPENSES
$65.5 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | SRN Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 07, 2020 |
| Assets (mns) | $66 |
| 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 | 4.8 % |
| CANAAN INC. SPONSORED ADR CLASS A | 4.5 % |
| NVIDIA CORP | 3.8 % |
| HEWLETT PACKARD ENTERPRISE CO. | 3.7 % |
| META PLATFORMS INC | 3.7 % |
| INFOSYS TECHNOLOGIES-SP ADR | 3.6 % |
| MICRON TECHNOLOGY INC | 3.5 % |
| BLOCK INC. | 3.4 % |
| JD.COM INC-ADR | 3.4 % |
| OVERSTOCK.COM INC | 3.3 % |
Constituent Breakdown
| Number of holdings | 53 |
| Herfindahl-Hirschman Index | 237 |
| Wgt avg mkt cap (mns) | $265,773 |
| Large cap (>$10bn) | 78.8% |
| Mid cap ($2-10bn) | 6.0% |
| Small cap (<$2bn) | 15.2% |
| Developed mkts. | 88.3% |
| Emerging mkts. | 11.7% |
Country Exposure
 |
UNITED STATES | 69.4 % |
 |
CHINA | 11.8 % |
 |
INDIA | 3.7 % |
 |
CAYMAN ISLANDS | 2.5 % |
 |
GERMANY | 2.0 % |
 |
TAIWAN | 1.8 % |
 |
JAPAN | 1.6 % |
 |
IRELAND | 1.2 % |
 |
SOUTH KOREA | 0.5 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.6% | 22.1% | 2.2% | -17.4% | 3.2% | -- | 1.9% | Volatility | 34.1% | 30.4% | 31.4% | 30.3% | 29.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.47 | 71% |
| MSCI EAFE | 1.37 | 58% |
| MSCI Emg Mkts | 1.25 | 50% |
Liquidity Measures
| Avg. volume (000) | 16 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 1.23% |
| ADV of underlying (mns) | $114,371 |
Technical Indicators
| Recent close | $26.21 |
| 30d moving avg. | $26.92 |
| Annualized volatility | 31.3% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.3% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BLCN |
Expenses vs. BLCN |
ALTAR Score™ vs. BLCN |
|---|---|---|---|---|
| BLOK | Amplify Transformational Data Sharing ETF | 42.7% | +7 bp | -3.3% |
| BLKC | Invesco Alerian Galaxy Blockchain Users and Decentralized Co | 33.8% | -7 bp | -1.5% |
| BWEB | Bitwise Web3 ETF | 28.7% | +17 bp | -3.3% |
| BUZZ | VanEck Social Sentiment ETF | 27.1% | +7 bp | -4.0% |
| IBLC | iShares Blockchain and Tech ETF | 26.0% | -21 bp | -5.1% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 25.5% | -7 bp | -5.2% |
| LEGR | First Trust Indxx Innovative Transaction & Process ETF | 25.2% | -3 bp | +4.1% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 24.4% | +17 bp | -5.7% |
| STCE | Schwab Crypto Thematic ETF | 23.9% | -38 bp | -2.2% |
| XNTK | SPDR NYSE Technology ETF | 23.8% | -33 bp | -0.1% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 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 | --% |
Based on closing prices from 7/25/2024
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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
4.2%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.2% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. BLCN's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places BLCN in the 52nd 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
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| BLCN (68 bp) Percentile rank | 76 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BLCN | 68.0 | 122.8 | 190.8 |
| Peer Avg. | 51.3 | 36.4 | 87.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .