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Horizon Kinetics Blockchain Development ETF (BCDF)

Digital Assets | Exchange Traded Fund | NYSEArca
34.20 USD -0.19 (-0.539%) ⇩ (Aug. 28, 2026, 9:39 a.m. EDT)
After hours: 34.20

Short-term:★★⯪☆☆Long-term:★★★⯪☆Dividends:★★⯪☆☆
Hot Take | Aug. 22, 2026, 5:40 a.m. EDT

The blockchain sector has shown resilience recently, with the fund posting a strong 18.76% gain last year and a cumulative 29.33% rise over the past three years. However, the recent death of a key co-founder introduces significant uncertainty regarding the fund's operational future and strategic direction, which dampens near-term enthusiasm despite the technical uptrend. The price action remains stable near the upper end of its trading range, suggesting steady demand, but the lack of recent dividend growth—payouts have more than halved over the last two years—indicates that the fund is currently retaining capital rather than returning it to shareholders. While the long-term business thesis appears sound given the multi-year price appreciation, the leadership vacuum and shrinking distributions make this a speculative hold rather than a core investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.030562
AutoARIMA0.033154
AutoETS0.033155
AutoTheta0.036594

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 63%
H-stat 0.21
Ljung-Box p 0.000
Jarque-Bera p 0.152
Excess Kurtosis 0.08
Attribute Value
Trailing P/E 14.27

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.50% 2.50% 1.60%
Dividend History
Date Dividend Yield %
2025-12-23 0.763 2.497954
2024-12-24 0.453 1.618666
2023-12-27 0.170 0.683197
2022-12-28 0.052 0.266982
2022-09-28 0.022 0.102852
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 2.37

Info Dump

Attribute Value
All Time High 36.27
All Time Low 19.27
Ask 34.26
Ask Size 300
Average Daily Volume10 Day 1,040
Average Daily Volume3 Month 1,117
Average Volume 1,117
Average Volume10Days 1,040
Beta3 Year 0.0
Bid 34.16
Bid Size 300
Category Digital Assets
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 34.365
Day Low 34.2039
Dividend Yield 2.37
Eps Trailing Twelve Months 2.3964949
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 31.87896
Fifty Day Average Change 2.3249397
Fifty Day Average Change Percent 0.072930224
Fifty Two Week Change Percent 10.69256
Fifty Two Week High 36.27
Fifty Two Week High Change -2.066101
Fifty Two Week High Change Percent -0.05696446
Fifty Two Week Low 29.01
Fifty Two Week Low Change 5.193899
Fifty Two Week Low Change Percent 0.17903823
Fifty Two Week Range 29.01 - 36.27
First Trade Date Milliseconds 1,659,447,000,000
Full Exchange Name NYSEArca
Fullday Change -0.185501
Fullday Change Percent -0.539414
Fullday Price 34.2039
Fund Family Horizon Kinetics
Fund Inception Date 1,659,312,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund is an actively-managed ETF that will invest primarily in equity securities of listed domestic and foreign Blockchain Development Companies, American Depository Receipts (“ADRs”) and Global Depository Receipts (“GDRs”), that the Adviser, expects to benefit, either directly or indirectly, from the use of blockchain technology in connection with the issuance, facilitation, custody, trading and administration of digital assets, including cryptocurrencies. It is non-diversified.
Long Name Horizon Kinetics Blockchain Development ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_1787754465
Nav Price 34.3095
Net Assets 23,355,174.0
Net Expense Ratio 0.85
Open 34.365
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 34.2039
Post Market Time 1,787,951,100
Previous Close 34.3894
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.185501
Regular Market Change Percent -0.539414
Regular Market Day High 34.365
Regular Market Day Low 34.2039
Regular Market Day Range 34.2039 - 34.365
Regular Market Open 34.365
Regular Market Previous Close 34.3894
Regular Market Price 34.2039
Regular Market Time 1,787,924,377
Regular Market Volume 357
Short Name Horizon Kinetics Blockchain Dev
Source Interval 15
Symbol BCDF
Three Year Average Return 0.1870378
Total Assets 23,355,174
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 14.2724695
Trailing Peg Ratio None
Trailing Three Month Nav Returns -0.70891
Trailing Three Month Returns -0.70891
Triggerable 1
Two Hundred Day Average 31.562765
Two Hundred Day Average Change 2.6411343
Two Hundred Day Average Change Percent 0.0836788
Type Disp ETF
Volume 357
Yield 0.023699999
Ytd Return 7.29845