Listed Funds Trust - Horizon Kinetics Blockchain Development ETF (BCDF)

Overview

The Horizon Kinetics Blockchain Development ETF (BCDF) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Horizon Kinetics Blockchain Development Index. It primarily invests in companies involved in the development and utilization of blockchain technology.

Reputation and Reliability

Horizon Kinetics is a smaller, research-focused firm known for its concentrated portfolios and long-term investment horizon.

Management Expertise

Horizon Kinetics has a team with experience in value investing and identifying companies with durable competitive advantages. They possess experience analyzing disruptive technologies.

Goal

To seek investment results that correspond generally to the performance of the Horizon Kinetics Blockchain Development Index.

Investment Approach and Strategy

Strategy: The ETF aims to replicate the Horizon Kinetics Blockchain Development Index, which tracks companies involved in the blockchain ecosystem.

Composition The ETF primarily holds stocks of companies involved in blockchain technology development, digital asset infrastructure, and related services.

Market Share: Data not readily available as BCDF is a relatively niche fund.

Total Net Assets (AUM): 24331974

Key Competitors

• BLOK
• BITQ
• LEGR
• BKCH

Competitive Landscape

The blockchain ETF space is competitive, with several ETFs offering exposure to the sector. BCDF differentiates itself through its specific index and focus. Its smaller size may lead to lower liquidity and potentially higher tracking error than larger competitors, but its concentrated approach may offer higher potential returns if its targeted companies perform well.

Historical Performance: Historical performance data should be sourced from official fund prospectuses, and financial websites. Here is an example only : [12.5, -15.3, 22.1, -5.8]

Benchmark Comparison: Benchmark comparison should be sourced from official fund prospectuses, and financial websites. Here is an example only: [10.2, -13.5, 20.5, -4.2]

Expense Ratio: 0.85

Average Trading Volume

The average trading volume of BCDF indicates moderate liquidity.

Bid-Ask Spread

The bid-ask spread of BCDF can vary depending on market conditions, but typically falls within acceptable ranges for a fund of its size.

Market Environment Factors

BCDF is influenced by the overall sentiment toward blockchain technology, cryptocurrency regulation, adoption rates of blockchain solutions across industries, and general market conditions.

Growth Trajectory

BCDF's growth trajectory depends on the continued development and adoption of blockchain technology. Changes to strategy and holdings would be reflected in their fund prospectus.

Competitive Edge

BCDF's competitive edge lies in its distinct index, focusing on companies directly involved in blockchain development rather than just those using blockchain. Its concentrated approach, while riskier, allows for potential outperformance if their selections prove successful. Horizon Kinetics' research-driven approach could also contribute to its advantage by identifying undervalued companies in the blockchain space. Furthermore, the firm's long-term investment horizon aligns with the long-term potential of blockchain technology.

Volatility

BCDF's volatility is expected to be higher than the broader market due to its focus on a relatively new and rapidly evolving technology.

Market Risk

BCDF's market risk stems from its exposure to companies involved in the blockchain industry, which is subject to regulatory uncertainty, technological disruption, and market sentiment toward cryptocurrencies.

Ideal Investor Profile

The ideal investor for BCDF is someone with a high risk tolerance, a long-term investment horizon, and a belief in the potential of blockchain technology.

Market Risk

BCDF is best suited for long-term investors seeking exposure to the blockchain sector and willing to accept higher volatility.

The Horizon Kinetics Blockchain Development ETF (BCDF) offers targeted exposure to companies actively involved in blockchain technology development. Its distinctive index and focused strategy differentiate it from broader blockchain ETFs. While it offers potentially higher returns, its concentrated holdings and smaller size present higher volatility and liquidity risks. This fund suits investors who are bullish on blockchain and accept higher risk levels for potential long-term capital appreciation. BCDFu2019s performance is heavily reliant on the sector's growth and regulatory acceptance.

Data Sources:

• Horizon Kinetics, ETF.com, Yahoo Finance

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual risk tolerance and due diligence.