Horizon Kinetics Blockchain Development ETF (BCDF)

• Market cap: $18.7M
• 1 day: -0.51%
• 5 days: -1.33%
• 1 month: 3.70%
• 3 months: 13.76%
• 6 months: 12.28%
• Year to date: 11.67%
• 1 year: 23.82%
• 5 years: 21.02%
• 10 years: 21.02%

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

50% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 2

0% more funds holding

Funds holding: 10 [Q4 2024] → 10 (+0) [Q1 2025]

6.04% less ownership

Funds ownership: 49.82% [Q4 2024] → 43.79% (-6.04%) [Q1 2025]

12% less capital invested

Capital invested by funds: $6.64M [Q4 2024] → $5.86M (-$778K) [Q1 2025]