BLKC
Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF
BLKC is passively-managed, investing in the blockchain and cryptocurrency space through stocks and ETPs or trusts.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
7.5 M
ASSETS UNDER MGMT
61 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 07, 2021 |
| Assets (mns) | $8 |
| Expense ratio | 61 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ISHARES BITCOIN TRUST ETF | 8.2 % |
| BAKKT HOLDINGS INC | 4.1 % |
| MERCURITY FINTECH HOLDING INC | 4.0 % |
| FIDELITY WISE ORIGIN BITCOIN FUND | 2.2 % |
| GRAYSCALE BITCOIN TRUST | 1.7 % |
| CANAAN INC. SPONSORED ADR CLASS A | 1.6 % |
| CLEANSPARK, INC. | 1.6 % |
| APPLIED BLOCKCHAIN INC | 1.6 % |
| IRIS ENERGY LTD. | 1.5 % |
| INTEL CORP | 1.5 % |
Constituent Breakdown
| Number of holdings | 59 |
| Herfindahl-Hirschman Index | 181 |
| Wgt avg mkt cap (mns) | $231,220 |
| Large cap (>$10bn) | 48.8% |
| Mid cap ($2-10bn) | 8.0% |
| Small cap (<$2bn) | 13.5% |
| Developed mkts. | 63.6% |
| Emerging mkts. | 9.0% |
Country Exposure
 |
UNITED STATES | 48.0 % |
 |
CHINA | 5.8 % |
 |
GERMANY | 3.0 % |
 |
AUSTRALIA | 1.6 % |
 |
CANADA | 1.5 % |
 |
TAIWAN | 1.1 % |
 |
NORWAY | 1.1 % |
 |
IRELAND | 1.0 % |
 |
SWITZERLAND | 1.0 % |
 |
HONG KONG | 0.9 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 31.7% | 38.3% | 53.5% | 44.3% | -- | -- | -- | 3.9% |
| Dividend Yield | 0.4% | 0.4% | 2.0% | 2.7% | -- | -- | -- | 2.2% |
| Total Returns | 32.2% | 38.7% | 55.5% | 47.0% | -- | -- | -- | 6.0% | Ann. Volatility | 37.1% | 42.5% | 38.8% | 38.0% | -- | -- | -- | 41.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.12 | 50% |
| MSCI EAFE | 0.95 | 13% |
| MSCI Emg Mkts | 0.69 | 8% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.42% |
Technical Indicators
| Recent close | $30.08 |
| 30d moving avg. | $29.32 |
| Annualized volatility | 40.1% |
| Relative strength (RSI) | 58 |
| Short interest | 0.4% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 41.5% | 0 bp | -0.7% |
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 32.4% | +7 bp | +5.7% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 23.4% | -36 bp | +6.2% |
| LEGR | First Trust Indxx Innovative Transaction & Process ETF | 22.6% | +4 bp | +8.2% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 20.4% | +24 bp | -2.0% |
| IBLC | iShares Blockchain and Tech ETF | 20.2% | -14 bp | -1.5% |
| BLOK | Amplify Transformational Data Sharing ETF | 20.1% | +14 bp | +0.2% |
| BKCH | Global X Blockchain ETF | 18.6% | -11 bp | -3.3% |
| BUZZ | VanEck Social Sentiment ETF | 18.5% | +14 bp | -1.1% |
| BWEB | Bitwise Web3 ETF | 18.0% | +24 bp | -0.1% |
Risk and Returns: BLKC 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 10/20/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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™
BLKC
1.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 369 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.2%. BLKC's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places BLKC in the 23rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BLKCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 177 |
| Avg. Expense Ratio | 55.1 bp |
| Std. Deviation | 18.1 bp |
| BLKC (61 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BLKC | 61.0 | 41.7 | 102.7 |
| Peer Avg. | 55.1 | 39.5 | 94.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .