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
73.7 M
ASSETS UNDER MGMT
68 bp
EXPENSES
Fund Basics
Fund sponsor | SRN Advisors |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Jan 07, 2020 |
Assets (mns) | $74 |
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 +
MARATHON DIGITAL HOLDINGS INC | 5.5 % |
ROBINHOOD MARKETS, INC. CLASS A | 5.3 % |
RIOT BLOCKCHAIN INC | 4.9 % |
WAL-MART STORES INC | 4.8 % |
GALAXY DIGITAL HOLDINGS LTD. | 4.6 % |
CLEANSPARK, INC. | 4.6 % |
CUSTOMERS BANCORP INC | 4.4 % |
MICROSTRATEGY INC-CL A | 4.4 % |
MASTERCARD INCORPORATED CLASS A | 4.1 % |
COINBASE GLOBAL, INC. CLASS A | 4.1 % |
Constituent Breakdown
Number of holdings | 51 |
Herfindahl-Hirschman Index | 323 |
Wgt avg mkt cap (mns) | $310,602 |
Large cap (>$10bn) | 64.5% |
Mid cap ($2-10bn) | 18.8% |
Small cap (<$2bn) | 16.8% |
Developed mkts. | 96.0% |
Emerging mkts. | 4.0% |
Country Exposure
UNITED STATES | 82.0 % | |
JAPAN | 5.5 % | |
IRELAND | 3.6 % | |
ISRAEL | 2.1 % | |
SOUTH KOREA | 1.4 % | |
GERMANY | 1.1 % | |
CHINA | 1.0 % | |
CAYMAN ISLANDS | 1.0 % | |
TAIWAN | 0.8 % | |
INDIA | 0.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 21.4% | 39.7% | 13.0% | -13.5% | 4.3% | -- | 3.6% | Volatility | 37.6% | 36.5% | 33.1% | 33.2% | 31.5% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.50 | 68% |
MSCI EAFE | 1.25 | 47% |
MSCI Emg Mkts | 1.12 | 37% |
Liquidity Measures
Avg. volume (000) | 27 |
Turnover | 1.1% |
Avg. Bid/Ask (% of price) | 1.23% |
ADV of underlying (mns) | $88,334 |
Technical Indicators
Recent close | $29.47 |
30d moving avg. | $25.44 |
Annualized volatility | 31.9% |
Relative strength (RSI) | 48 |
Short interest (ETF) | 0.2% |
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 | 45.6% | +7 bp | -1.6% |
CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 37.9% | +17 bp | -2.2% |
GFOF | Grayscale Future of Finance ETF | 34.9% | +2 bp | -2.8% |
BITQ | Bitwise Crypto Industry Innovators ETF | 33.4% | +17 bp | -4.0% |
IBLC | iShares Blockchain and Tech ETF | 32.8% | -21 bp | -3.7% |
BLKC | Invesco Alerian Galaxy Blockchain Users and Decentralized Co | 32.4% | -7 bp | -0.2% |
BWEB | Bitwise Web3 ETF | 31.3% | +17 bp | -1.4% |
STCE | Schwab Crypto Thematic ETF | 30.8% | -38 bp | -3.6% |
DAPP | VanEck Digital Transformation ETF | 30.3% | -18 bp | -4.8% |
BKCH | Global X Blockchain ETF | 29.6% | -18 bp | -4.9% |
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 11/29/2024
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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 Rating
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.
ALTAR Score™
BLCN
2.1%
Cat. Avg
4.0%
ALTAR Score™ Calculation
Category Overview
There are 377 funds in the Global Equity category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.6%. BLCN's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places BLCN in the 34th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BLCNSELL
U/W
HOLD
O/W
BUY
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. | 57.1 | 40.0 | 97.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .