# BCDF (Horizon Kinetics Blockchain Development ETF)

Horizon Kinetics · Thematic ETFs · data as of Sep 11, 2026

BCDF holds 35 stocks, and 80% of its weight is outside the S&P 500.

## Key facts

- BCDF, already in the S&P 500: 20.1%, as of Sep 11, 2026.
- BCDF, active share vs the S&P 500: 99.6%, as of Sep 11, 2026.
- BCDF, top ten holdings: 58.3%, as of Sep 11, 2026.
- BCDF, total return, 1 year: +8.8%, as of Sep 11, 2026.
- BCDF, net assets: $22m (SEC filing, whole fund, as filed for Jun 30, 2026).
- BCDF, expense ratio: 0.85% (485BPOS XBRL, Apr 27, 2026).

## BCDF over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +4.7% | +3.3% | +1.4 pts | +5.5 pts |
| 6 months | +6.8% | +16.0% | −9.2 pts | −13.9 pts |
| 1 year | +8.8% | +17.5% | −8.7 pts | −14.2 pts |
| 3 years | +62.0% | +77.9% | −15.9 pts | −33.1 pts |
| Since launch | +35.9% | +97.6% | −61.8 pts | −97.2 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Blockchain and crypto equities | ETFIQ, editorial |
| Launched | Aug 2, 2022 | ETFIQ |
| Already in the S&P 500, by weight | 20.1% | ETFIQ |
| Active share vs the S&P 500 | 99.6% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |
| Active share vs the Nasdaq-100 | 100.0% | ETFIQ |
| Top ten holdings weight | 58.3% | ETFIQ |
| Holdings | 35 | ETFIQ |
| Holdings as of | Jun 30, 2026 | SEC N-PORT |
| Top holdings | Singapore Exchange Ltd 8.8%, Urbana Corp 7.7%, Cboe Global Markets Inc 7.2%, TMX Group Ltd 5.7%, Deutsche Boerse AG 5.2%, Nasdaq Inc 4.9%, Japan Exchange Group Inc 4.9%, CACI International Inc 4.7%, Hawaiian Electric Industries I 4.6%, Intercontinental Exchange Inc 4.5% | ETFIQ |
| Net assets | $22m | SEC filing, whole fund, as filed for Jun 30, 2026 |
| Below its all-time high | −3.6% | ETFIQ |
| Expense ratio | 0.85% | 485BPOS XBRL, Apr 27, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.85% | ETFIQ |
| Closest funds by holdings overlap | TKNQ 15%, BLOK 12%, FDFF 10% | ETFIQ |

## Questions

### How much of BCDF is in S&P 500 companies?

By its holdings filed for Jun 30, 2026, 20% of BCDF by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.

### What does BCDF hold?

35 positions as filed for Jun 30, 2026, with the top ten at 58% of the fund. The largest are Singapore Exchange Ltd at 8.8%, Urbana Corp at 7.7%, Cboe Global Markets Inc at 7.2%.

### Has BCDF beaten the S&P 500?

Over the year to Sep 11, 2026 BCDF returned +8.8% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 8.7 points.

### What does BCDF cost?

The prospectus expense ratio is 0.85% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.85%.


## Cite this page

ETFIQ, BCDF, data as of Sep 11, 2026. https://etfiq.com/funds/bcdf
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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