Horizon Kinetics Blockchain Development ETF
BCDF
11 hedge funds and large institutions have $11.1M invested in Horizon Kinetics Blockchain Development ETF in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 1 reducing their positions, and 3 closing their positions.
600% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 1
3.65% more ownership
Funds ownership: 54.98% → 58.62% (+3.6%)
2% more capital invested
Capital invested by funds: $10.8M → $11.1M (+$235K)
8% less funds holding
Funds holding: 12 → 11 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWP
Atlas Wealth Partners
Wyomissing,
Pennsylvania
|
+$327K |
| 2 |
Jane Street
New York
|
+$284K |
| 3 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$242K |
| 4 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$93.6K |
| 5 |
ECM
EagleClaw Capital Management
Boston,
Massachusetts
|
+$57.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
-$414K |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.75K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.2K |
| 4 |
Morgan Stanley
New York
|
-$34 |
BCDF Hedge Fund Activity: Q4 2025 in Review
11 of the 8,232 institutional investors tracked by Wall St. Rank reported a position in Horizon Kinetics Blockchain Development ETF (BCDF) for Q4 2025, worth a combined $11.1M — up 2.2% from $10.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BCDF and 2 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 7 added.
The largest buyer was Atlas Wealth Partners, adding an estimated $327K. The largest seller was Coastal Bridge Advisors, exiting entirely with an estimated $414K sold.
- 11 institutional investors held Horizon Kinetics Blockchain Development ETF (BCDF) as of Q4 2025, down from 12 in Q3 2025.
- Funds reported $11.1M of Horizon Kinetics Blockchain Development ETF stock for Q4 2025, up 2.2% quarter-over-quarter.
- 2 funds opened new Horizon Kinetics Blockchain Development ETF positions in Q4 2025 and 3 closed out, a net change of -1 holder.
- The largest Horizon Kinetics Blockchain Development ETF buyer in Q4 2025 was Atlas Wealth Partners, an estimated $327K added.
- The largest Horizon Kinetics Blockchain Development ETF seller in Q4 2025 was Coastal Bridge Advisors, an estimated $414K sold.
Based on aggregated 13F filings for Q4 2025.