Horizon Kinetics Blockchain Development ETF (BCDF)

Overview

The fund represents an actively-managed Exchange Traded Fund (ETF) dedicated to investing in a range of equity securities. These include stocks of both domestic and international companies actively involved in blockchain technology, along with American Depository Receipts (ADRs) and Global Depository Receipts (GDRs). The primary focus is on entities that are anticipated to benefit from blockchain's capabilities in enhancing digital assets' issuance, facilitation, custody, trading, and management. Such digital assets predominantly include cryptocurrencies. Characterized by its non-diversified strategy, the fund aims to leverage the advancing blockchain technology landscape to optimize its investment portfolio and generate substantial returns for its investors.

Products and Services

• Equity Securities of Blockchain Development Companies

  The fund invests in equity securities of companies that are directly involved in blockchain development. These companies engage in creating or utilizing blockchain technology to offer innovative solutions across various industries, including finance, supply chain, and healthcare. The investment in these companies is driven by the belief in blockchain’s potential to revolutionize traditional business models and foster new growth opportunities.

• American Depository Receipts (ADRs)

  ADRs constitute a significant part of the fund's investment strategy, representing shares of foreign companies traded on U.S. stock exchanges. These instruments allow the fund to gain exposure to blockchain development companies outside of the United States. Investing in ADRs enables the fund to diversify its portfolio across different geographical regions and benefit from the growth of blockchain technology worldwide.

• Global Depository Receipts (GDRs)

  GDRs are similar to ADRs but are typically traded on European stock exchanges. They represent shares in foreign companies and allow investors to access a global landscape of blockchain innovators. By including GDRs in its investment approach, the fund extends its global reach, tapping into emerging and established markets where blockchain technologies are being rapidly adopted and integrated into the digital economy.

• Companies Leveraging Blockchain for Digital Assets

  The fund specifically targets companies that utilize blockchain for the enhancement of digital asset transactions. This includes firms involved in the issuance, trading, and management of digital assets like cryptocurrencies. By investing in these entities, the fund capitalizes on the burgeoning sector of digital finance and the increasing acceptance of digital currencies and assets in mainstream financial transactions.