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
71.7 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) | $72 |
| 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 +
| MICROSTRATEGY INC-CL A | 8.4 % |
| MARATHON DIGITAL HOLDINGS INC | 7.5 % |
| RIOT BLOCKCHAIN INC | 5.0 % |
| BLOCK INC. | 5.0 % |
| ROBINHOOD MARKETS, INC. CLASS A | 4.8 % |
| COINBASE GLOBAL, INC. CLASS A | 4.4 % |
| NVIDIA CORP | 4.1 % |
| CLEANSPARK, INC. | 3.9 % |
| CASH & OTHER | 3.8 % |
| ACCENTURE PLC-CL A | 3.6 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 360 |
| Wgt avg mkt cap (mns) | $323,507 |
| Large cap (>$10bn) | 65.3% |
| Mid cap ($2-10bn) | 12.3% |
| Small cap (<$2bn) | 22.4% |
| Developed mkts. | 88.3% |
| Emerging mkts. | 11.7% |
Country Exposure
 |
UNITED STATES | 78.8 % |
 |
JAPAN | 5.5 % |
 |
IRELAND | 3.6 % |
 |
ISRAEL | 2.0 % |
 |
SOUTH KOREA | 1.5 % |
 |
GERMANY | 1.1 % |
 |
CAYMAN ISLANDS | 1.1 % |
 |
CHINA | 1.0 % |
 |
TAIWAN | 0.8 % |
 |
INDIA | 0.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.0% | 34.9% | 6.4% | -19.9% | 1.7% | -- | 1.2% | Volatility | 37.6% | 36.5% | 33.1% | 33.2% | 31.5% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.44 | 69% |
| MSCI EAFE | 1.26 | 55% |
| MSCI Emg Mkts | 1.19 | 48% |
Liquidity Measures
| Avg. volume (000) | 25 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 1.23% |
| ADV of underlying (mns) | $99,348 |
Technical Indicators
| Recent close | $28.66 |
| 30d moving avg. | $25.44 |
| Annualized volatility | 30.1% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| 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. BLCN |
Expenses vs. BLCN |
ALTAR Score™ vs. BLCN |
|---|---|---|---|---|
| BLOK | Amplify Transformational Data Sharing ETF | 45.1% | +7 bp | -2.1% |
| BITQ | Bitwise Crypto Industry Innovators ETF | 36.6% | +17 bp | -4.0% |
| GFOF | Grayscale Future of Finance ETF | 36.3% | +2 bp | -2.8% |
| STCE | Schwab Crypto Thematic ETF | 34.4% | -38 bp | -3.7% |
| DAPP | VanEck Digital Transformation ETF | 33.6% | -18 bp | -5.1% |
| IBLC | iShares Blockchain and Tech ETF | 33.1% | -21 bp | -3.8% |
| BLKC | Invesco Alerian Galaxy Blockchain Users and Decentralized Co | 32.6% | -7 bp | -0.9% |
| BWEB | Bitwise Web3 ETF | 32.1% | +17 bp | -1.4% |
| BKCH | Global X Blockchain ETF | 28.5% | -18 bp | -4.9% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 28.5% | -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.
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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
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.
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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
2.1%
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%. BLCN's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places BLCN in the 33rd 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. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .