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
208.0 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) | $208 |
| 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 | 14.2 % |
| MARATHON DIGITAL HOLDINGS INC | 11.7 % |
| CORE SCIENTIFIC, INC. | 11.3 % |
| RIOT BLOCKCHAIN INC | 9.2 % |
| HUT 8 CORP | 6.0 % |
| CLEANSPARK, INC. | 5.3 % |
| GALAXY DIGITAL HOLDINGS LTD. | 4.9 % |
| CIPHER MINING INC | 4.3 % |
| BITFARMS LTD. | 4.2 % |
| IRIS ENERGY LTD. | 4.1 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 752 |
| Wgt avg mkt cap (mns) | $19,030 |
| Large cap (>$10bn) | 16.3% |
| Mid cap ($2-10bn) | 10.1% |
| Small cap (<$2bn) | 73.7% |
| Developed mkts. | 94.3% |
| Emerging mkts. | 5.7% |
Country Exposure
 |
UNITED STATES | 77.2 % |
 |
CANADA | 11.7 % |
 |
AUSTRALIA | 4.1 % |
 |
CHINA | 3.0 % |
 |
JAPAN | 1.7 % |
 |
GERMANY | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.0% | 99.8% | 185.4% | 16.9% | -- | -- | 24.3% | Volatility | 76.2% | 78.1% | 74.6% | 77.2% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.41 | 3% |
| MSCI EAFE | 2.32 | 7% |
| MSCI Emg Mkts | 1.80 | 4% |
Liquidity Measures
| Avg. volume (000) | 76 |
| Turnover | 2.4% |
| Avg. Bid/Ask (% of price) | 0.56% |
| ADV of underlying (mns) | $29,683 |
Technical Indicators
| Recent close | $65.28 |
| 30d moving avg. | $49.21 |
| Annualized volatility | 150.5% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 2.0% |
| 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 | +1.2% |
| DAPP | VanEck Digital Transformation ETF | 66.7% | 0 bp | -0.2% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 60.4% | +35 bp | +0.9% |
| GFOF | Grayscale Future of Finance ETF | 58.5% | +20 bp | +2.1% |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 58.5% | -11 bp | +1.2% |
| WGMI | Valkyrie Bitcoin Miners ETF | 56.3% | +25 bp | -3.6% |
| CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 55.9% | +35 bp | +2.6% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 43.8% | +11 bp | +0.4% |
| BLOK | Amplify Transformational Data Sharing ETF | 39.6% | +25 bp | +2.9% |
| BWEB | Bitwise Web3 ETF | 30.8% | +35 bp | +3.6% |
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 | ||
|---|---|---|---|---|---|---|---|---|
| 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 11/21/2024
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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
-2.8%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. BKCH's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places BKCH in the 7th 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. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .