Horizon Kinetics Blockchain Development ETF
BCDF
11 hedge funds and large institutions have $6.23M invested in Horizon Kinetics Blockchain Development ETF in 2025 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
10% more funds holding
Funds holding: 10 → 11 (+1)
3.24% less ownership
Funds ownership: 49.82% → 46.58% (-3.2%)
6% less capital invested
Capital invested by funds: $6.64M → $6.23M (-$404K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$384K |
| 2 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$377K |
| 3 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$275K |
| 4 |
AWP
Atlas Wealth Partners
Wyomissing,
Pennsylvania
|
+$231K |
| 5 |
ACM
Adalta Capital Management
New York
|
+$31.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$996K |
| 2 |
Jane Street
New York
|
-$264K |
| 3 |
OP
ORG Partners
Roanoke,
Indiana
|
-$96.3K |
| 4 |
CA
CoreCap Advisors
Southfield,
Michigan
|
-$2.77K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HKAM
1
Horizon Kinetics Asset Management
New York
| $3.68M | +$275K | +9,796 | +8% |
|
|
MC
2
Moors & Cabot
Boston,
Massachusetts
| $509K | -$996K | -35,501 | -66% |
|
|
ASN
3
Advisory Services Network
Atlanta,
Georgia
| $382K | +$384K | +13,700 | New |
|
|
CBA
4
Coastal Bridge Advisors
Westport,
Connecticut
| $375K | +$377K | +13,437 | New |
|
|
ECM
5
EagleClaw Capital Management
Boston,
Massachusetts
| $338K | +$3.98K | +142 | +1% |
|
|
6
Jane Street
New York
| $325K | -$264K | -9,416 | -45% |
|
|
OCPWS
7
One Charles Private Wealth Services
Hingham,
Massachusetts
| $273K | – | – | – |
|
|
AWP
8
Atlas Wealth Partners
Wyomissing,
Pennsylvania
| $229K | +$231K | +8,220 | New |
|
|
ACM
9
Adalta Capital Management
New York
| $123K | +$31.6K | +1,125 | +34% |
|
10
Osaic Holdings
Scottsdale,
Arizona
| $1.7K | +$1.71K | +61 | New |
|
11
Morgan Stanley
New York
| $30 | – | – | – |
|
|
OP
12
ORG Partners
Roanoke,
Indiana
| – | -$96.3K | -3,471 | Closed |
|
|
CA
13
CoreCap Advisors
Southfield,
Michigan
| – | -$2.77K | -100 | Closed |
|
BCDF Hedge Fund Activity: Q1 2025 in Review
11 of the 7,460 institutional investors tracked by Wall St. Rank reported a position in Horizon Kinetics Blockchain Development ETF (BCDF) for Q1 2025, worth a combined $6.23M — down 6.1% from $6.64M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new BCDF positions and 2 closed out — a net gain of 2 holders — while 3 added to existing stakes and 2 trimmed.
The largest buyer was Advisory Services Network, opening a new position worth an estimated $384K. The largest seller was Moors & Cabot, cutting an estimated $996K.
- 11 institutional investors held Horizon Kinetics Blockchain Development ETF (BCDF) as of Q1 2025, up from 10 in Q4 2024.
- Funds reported $6.23M of Horizon Kinetics Blockchain Development ETF stock for Q1 2025, down 6.1% quarter-over-quarter.
- 4 funds opened new Horizon Kinetics Blockchain Development ETF positions in Q1 2025 and 2 closed out, a net change of +2 holders.
- The largest Horizon Kinetics Blockchain Development ETF buyer in Q1 2025 was Advisory Services Network, an estimated $384K added.
- The largest Horizon Kinetics Blockchain Development ETF seller in Q1 2025 was Moors & Cabot, an estimated $996K sold.
Based on aggregated 13F filings for Q1 2025.