BLCN
Siren ETF Trust Siren Nasdaq NexGen Economy ETF
BLCN tracks an index of global companies involved in developing, researching, or using blockchain technologies.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
66.5 M
ASSETS UNDER MGMT
68 bp
EXPENSES
Fund Basics
| Fund sponsor | SRN Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 07, 2020 |
| Assets (mns) | $66 |
| Expense ratio | 68 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ROBINHOOD MARKETS, INC. CLASS A | 5.7 % |
| GALAXY DIGITAL HOLDINGS LTD. | 5.1 % |
| RIOT BLOCKCHAIN INC | 5.1 % |
| WAL-MART STORES INC | 4.9 % |
| MICROSTRATEGY INC-CL A | 4.6 % |
| MARATHON DIGITAL HOLDINGS INC | 4.6 % |
| COINBASE GLOBAL, INC. CLASS A | 4.3 % |
| CUSTOMERS BANCORP INC | 4.2 % |
| MASTERCARD INCORPORATED CLASS A | 4.1 % |
| CLEANSPARK, INC. | 3.8 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 323 |
| Wgt avg mkt cap (mns) | $310,602 |
| Large cap (>$10bn) | 64.5% |
| Mid cap ($2-10bn) | 18.8% |
| Small cap (<$2bn) | 16.8% |
| Developed mkts. | 96.0% |
| Emerging mkts. | 4.0% |
Country Exposure
 |
UNITED STATES | 81.7 % |
 |
JAPAN | 5.7 % |
 |
IRELAND | 3.5 % |
 |
ISRAEL | 2.1 % |
 |
SOUTH KOREA | 1.4 % |
 |
GERMANY | 1.2 % |
 |
CHINA | 1.0 % |
 |
CAYMAN ISLANDS | 0.9 % |
 |
TAIWAN | 0.9 % |
 |
INDIA | 0.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 21.4% | 39.7% | 13.0% | -13.5% | 4.3% | -- | 3.6% | Volatility | 37.6% | 36.5% | 33.1% | 33.2% | 31.5% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.50 | 68% |
| MSCI EAFE | 1.25 | 47% |
| MSCI Emg Mkts | 1.12 | 37% |
Liquidity Measures
| Avg. volume (000) | 22 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 1.23% |
| ADV of underlying (mns) | $88,334 |
Technical Indicators
| Recent close | $26.58 |
| 30d moving avg. | $28.94 |
| Annualized volatility | 31.9% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BLCN |
Expenses vs. BLCN |
ALTAR Score™ vs. BLCN |
|---|---|---|---|---|
| BLOK | Amplify Transformational Data Sharing ETF | 45.2% | +7 bp | -1.8% |
| GFOF | Grayscale Future of Finance ETF | 34.4% | +2 bp | -3.1% |
| IBLC | iShares Blockchain and Tech ETF | 32.2% | -21 bp | -4.2% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 32.2% | +17 bp | -4.5% |
| BWEB | Bitwise Web3 ETF | 31.9% | +17 bp | -1.7% |
| BLKC | Invesco Alerian Galaxy Blockchain Users and Decentralized Co | 31.5% | -7 bp | -0.4% |
| STCE | Schwab Crypto Thematic ETF | 30.2% | -38 bp | -4.1% |
| DAPP | VanEck Digital Transformation ETF | 29.7% | -18 bp | -5.4% |
| BKCH | Global X Blockchain ETF | 29.3% | -18 bp | -5.6% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 27.7% | -7 bp | -4.5% |
Risk and Returns: BLCN 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Peer Group Comparison Sample data. Subscribe for access.
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
BLCN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
BLCN
2.4%
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%. BLCN's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places BLCN in the 36th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BLCNSELL
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 |
| BLCN (68 bp) Percentile rank | 76 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BLCN | 68.0 | 122.8 | 190.8 |
| Peer Avg. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .