Exposure to crypto using blockchain ETF's, BLCNPurchasing crypto tokens is not the only way to gain exposure or profit from the development of web 3.0 and the myriad of potential uses for distributed ledger technology of which blockchain is a type. It is important when making investing decisions, particularly around new technologies, to try and
Key stats
About Siren Nasdaq NexGen Economy ETF
Home page
Inception date
Jan 17, 2018
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SRN Advisors LLC
BLCN is one of the first ETFs to focus on blockchain technology. The fund tracks an index of global companies committed to blockchain development. Although not an active fund, the index committee has wide discretion in selecting companies. The main criteria used to evaluate a company is the level of material resources it has committed to researching, developing, supporting, and expanding the use of blockchain technology. All criteria are eventually rolled up to form the BlockChain Score. The index includes the 50-100 highest scoring companies, giving greater weight to higher-scoring companies. Because blockchain technology has uses across varying industries, BLCN could have exposure to multiple sectors. The index is reconstituted and rebalanced semi-annually. Note: The fund was acquired by SRN Advisors. Prior to November 23, 2020, the fund and index names were Reality Shares Nasdaq NexGen Economy ETF and Reality Shares Nasdaq Blockchain Economy Index, respectively.
Classification
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Stock breakdown by region
Top 10 holdings
BLCN ETF - BTDAn ETF I'm excited to follow. Reality Shares Nasdaq NexGen Economy ETF launched last week. The ETF will invest exclusively in blockchain-based companies and they will limit themselves to only investing in companies with a market cap of greater than $200mil.
“BLCN uses the Blockchain Score company r
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Summarizing what the indicators are suggesting.
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Summary
Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BLCN trades at 21.77 USD today, its price has fallen −2.62% in the past 24 hours. Track more dynamics on BLCN price chart.
BLCN net asset value is 21.93 today — it's risen 6.90% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BLCN assets under management is 45.80 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BLCN price has risen by 2.57% over the last month, and its yearly performance shows a −17.63% decrease. See more dynamics on BLCN price chart.
NAV returns, another gauge of an ETF dynamics, showed a −4.17% decrease in three-month performance and has decreased by −17.72% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −4.17% decrease in three-month performance and has decreased by −17.72% in a year.
BLCN fund flows account for −13.63 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BLCN invests in stocks. See more details in our Analysis section.
BLCN expense ratio is 0.68%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BLCN isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BLCN technical analysis shows the buy rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BLCN shows the sell signal. See more of BLCN technicals for a more comprehensive analysis.
Today, BLCN technical analysis shows the buy rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BLCN shows the sell signal. See more of BLCN technicals for a more comprehensive analysis.
Yes, BLCN pays dividends to its holders with the dividend yield of 0.58%.
BLCN trades at a premium (0.44%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BLCN shares are issued by SRN Advisors LLC
BLCN follows the Siren NASDAQ Blockchain Economy Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 17, 2018.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.