Horizon Kinetics Blockchain Development ETF (BCDF) is a crypto ETF. As of October 9, 2026, ETF Copilot scores BCDF 4.8 out of 10 — highest on Value (8.9), lowest on Growth (2.3). Its ten largest holdings are 58% of the fund.
What stands out in BCDF's data
A focused strategy tied to blockchain development and crypto-related companies.
Its valuation matches the category norm, but profitability lags — a fair price for a weaker earnings engine.
Trailing P/E multiple of 15.8x sits in line with the peer median of 15.8x, while return on invested capital of 9.7% runs below average.
A value-priced bet on blockchain innovation for a portfolio that already holds broad tech.
Why did BCDF move this week? It rose 1.3% in the week to October 9, 2026 — Cboe and Tradeweb Markets drove it
BCDF rose 1.3% in the week to October 9, 2026. The holdings that moved it most were Cboe (+12.1%), Tradeweb Markets (+8.7%) and Science Applications Inte (+7.5%); Galaxy Digital (−11.8%) pushed the other way.
How is BCDF rated? ETF Copilot scores Horizon Kinetics Blockchain Development ETF (BCDF) 4.8 out of 10
As of October 9, 2026, ETF Copilot scores Horizon Kinetics Blockchain Development ETF (BCDF) 4.8 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.8 / 10
- Growth: 2.3 / 10
- Value: 8.9 / 10
- Risk: 6.5 / 10
- Quality: 5.6 / 10
- Return: 2.9 / 10
What's inside BCDF? 10% Tech
What's inside BCDF: Size (Large 30%, Mid 40%, Small 30%); Geography (International 41%, US 59%); Tech 10.1%.
What are BCDF's top holdings? The ten largest are 58% of the fund
Less concentrated than 72% of Crypto ETFs.
Half of BCDF's weight sits in its 9 largest positions, and once those weights are taken into account it behaves like 21 equally weighted holdings.
What is BCDF's expense ratio? 0.85% a year
As of October 9, 2026, BCDF charges 0.85% a year, yields 2.34% and holds $23M in assets across 34 positions.
| Measure | BCDF |
|---|---|
| Expense ratio | 0.85% |
| Dividend yield | 2.34% |
| Assets under management | $23M |
| Holdings | 34 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Horizon Kinetics Blockchain Development ETF (BCDF) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/bcdf
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