Horizon Kinetics Blockchain Development ETF (BCDF)

• Market cap: $19.5M
• 1 day: 0.19%
• 5 days: 0.19%
• 1 month: -0.95%
• 3 months: 3.79%
• 6 months: 11.66%
• Year to date: 12.14%
• 1 year: 14.32%
• 5 years: 21.53%
• 10 years: 21.53%

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

250% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 2

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

67% more capital invested

Capital invested by funds: $6.23M [Q1] → $10.4M (+$4.2M) [Q2]

9.22% more ownership

Funds ownership: 46.58% [Q1] → 55.81% (+9.22%) [Q2]

9% more funds holding

Funds holding: 11 [Q1] → 12 (+1) [Q2]