BKCH
Global X Blockchain ETF
BKCH tracks a market-cap-weighted index of global companies involved in blockchain technologies.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
194.7 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
Fund sponsor | Global X |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Jul 14, 2021 |
Assets (mns) | $195 |
Expense ratio | 50 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Semi-annual |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
COINBASE GLOBAL, INC. CLASS A | 13.6 % |
MARATHON DIGITAL HOLDINGS INC | 12.0 % |
CORE SCIENTIFIC, INC. | 10.5 % |
RIOT BLOCKCHAIN INC | 9.1 % |
HUT 8 CORP | 6.2 % |
GALAXY DIGITAL HOLDINGS LTD. | 5.3 % |
IRIS ENERGY LTD. | 4.8 % |
CLEANSPARK, INC. | 4.3 % |
CANAAN INC. SPONSORED ADR CLASS A | 4.3 % |
CIPHER MINING INC | 3.8 % |
Constituent Breakdown
Number of holdings | 25 |
Herfindahl-Hirschman Index | 749 |
Wgt avg mkt cap (mns) | $16,887 |
Large cap (>$10bn) | 18.7% |
Mid cap ($2-10bn) | 26.5% |
Small cap (<$2bn) | 54.9% |
Developed mkts. | 96.9% |
Emerging mkts. | 3.1% |
Country Exposure
UNITED STATES | 75.9 % | |
CANADA | 10.8 % | |
AUSTRALIA | 4.8 % | |
CHINA | 4.7 % | |
JAPAN | 1.9 % | |
GERMANY | 1.4 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 42.0% | 112.3% | 300.4% | 29.0% | -- | -- | 36.5% | Volatility | 76.2% | 78.1% | 74.6% | 77.2% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.55 | 3% |
MSCI EAFE | 2.34 | 7% |
MSCI Emg Mkts | 1.70 | 4% |
Liquidity Measures
Avg. volume (000) | 80 |
Turnover | 2.5% |
Avg. Bid/Ask (% of price) | 0.56% |
ADV of underlying (mns) | $40,666 |
Technical Indicators
Recent close | $61.10 |
30d moving avg. | $68.22 |
Annualized volatility | 151.7% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 1.6% |
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. BKCH |
Expenses vs. BKCH |
ALTAR Score™ vs. BKCH |
---|---|---|---|---|
IBLC | iShares Blockchain and Tech ETF | 74.3% | -3 bp | +1.4% |
DAPP | VanEck Digital Transformation ETF | 66.0% | 0 bp | +0.2% |
BITQ | Bitwise Crypto Industry Innovators ETF | 58.6% | +35 bp | +1.1% |
GFOF | Grayscale Future of Finance ETF | 58.1% | +20 bp | +2.5% |
FDIG | Fidelity Crypto Industry and Digital Payments ETF | 57.0% | -11 bp | +1.4% |
WGMI | Valkyrie Bitcoin Miners ETF | 54.4% | +25 bp | -3.7% |
CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 48.2% | +35 bp | +3.2% |
SATO | Invesco Alerian Galaxy Crypto Economy ETF | 41.2% | +11 bp | +1.1% |
BLOK | Amplify Transformational Data Sharing ETF | 39.0% | +25 bp | +3.8% |
BWEB | Bitwise Web3 ETF | 31.2% | +35 bp | +3.9% |
Risk and Returns: BKCH 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 | ||
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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 12/20/2024
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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
BKCH
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
BKCH
-3.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. BKCH's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places BKCH in the 6th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BKCHSELL
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 |
BKCH (50 bp) Percentile rank | 39 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
BKCH | 50.0 | 56.0 | 106 |
Peer Avg. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .