BKCH


Blockchain ETF

Reasons to Consider BKCH

High Growth Potential

The global blockchain market was valued at over $17bn in 2023, with forecasts suggesting it could expand at a compound annual growth rate of nearly 88%, to more than $1.4tn by 2030.1

Global Tailwinds

Although many blockchain use cases today are financial, non-financial applications such as content ownership and digital identity are expanding, highlighting the potential of this technology.

Unconstrained Approach

This theme is bigger than just cryptocurrency. BKCH invests accordingly, with global exposure across multiple sectors and industries.

1Grand View Research, Sep 2023

Key Information As of 04/12/24

Inception Date 07/12/21
Total Expense Ratio 0.50%
Net Assets $125.78 million
NAV $40.89
Fact Sheet View the document

ETF Summary

The Global X Blockchain ETF (BKCH) seeks to invest in companies positioned to benefit from the increased adoption of blockchain technology, including companies in digital asset mining, blockchain & digital asset transactions, blockchain applications, blockchain & digital asset hardware, and blockchain & digital asset integration.

ETF Objective

The Global X Blockchain ETF (BKCH) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Blockchain Index.

Trading Details As of 04/11/24

Ticker BKCH
Bloomberg Index Ticker SOLBKCH
CUSIP 37960A735
ISIN US37960A7357
Primary Exchange Nasdaq
Shares Outstanding 3,075,860
Number of Holdings 25
30-Day Median Bid-Ask Spread 0.53%

Distributions As of 04/12/24

30-Day SEC Yield -0.43%
Distribution Frequency Semi-Annually

ETF Prices As of 04/12/24

NAV $40.89 Daily Change -$2.71 -6.22%
Market Price $40.88 Daily Change -$2.86 -6.54%

Performance History

As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (03/31/24)
Fund NAV Market Price Index
1 Year 136.45% 134.45% 134.60%
Since Inception -19.78% -19.84% -20.83%
1 Year 136.45% 134.45% 134.60%
Since Inception -19.78% -19.84% -20.83%
Year-to-Date 9.97% 10.25% 9.93%
1 Month 7.90% 8.45% 7.88%
3 Months 9.97% 10.25% 9.93%
Since Inception -45.10% -45.21% -47.04%
Year-to-Date 9.97% 10.25% 9.93%
1 Month 7.90% 8.45% 7.88%
3 Months 9.97% 10.25% 9.93%
Since Inception -45.10% -45.21% -47.04%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 04/12/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
23.66 COIN COINBASE GLOBA-A BMC9P69 245.75 121,096 29,759,342.00
18.29 CLSK CLEANSPARK INC BJDRX78 14.85 1,548,961 23,002,070.85
12.39 MARA MARATHON DIGITAL BLR7B52 16.11 967,523 15,586,795.53
6.50 RIOT RIOT PLATFORMS INC BD9F675 9.10 898,313 8,174,648.30
4.21 BITF CN BITFARMS LTD/CANADA BGMG7B7 1.81 2,928,237 5,300,265.42
4.09 GLXY CN GALAXY DIGITAL HOLDINGS BD5H1G9 9.46 543,893 5,143,785.07
3.50 WULF TERAWULF INC BNBRMS2 2.04 2,154,899 4,395,993.96
3.42 IREN IRIS ENERGY LTD BMQ80V2 4.65 924,334 4,298,153.10
2.56 BTBT BIT DIGITAL INC BMH6DN8 2.06 1,561,698 3,217,097.88
2.48 NVDA NVIDIA CORP 2379504 881.86 3,538 3,120,020.68
2.29 HOOD ROBINHOOD MARKETS INC - A BP0TQN6 17.97 160,509 2,884,346.73
2.18 SQ BLOCK INC BYNZGK1 76.99 35,561 2,737,841.39
1.95 HIVE CN HIVE DIGITAL TEC BM9HHB5 2.85 860,472 2,451,968.33
1.87 HUT CN HUT 8 CORP BQQ8805 7.74 303,275 2,347,892.81
1.78 CIFR CIPHER MINING INC BMZ8604 3.83 586,503 2,243,373.98
1.60 CAN CANAAN INC BL4PZ46 1.20 1,678,827 2,014,592.40
1.46 PYPL PAYPAL HOLDINGS INC BYW36M8 64.59 28,354 1,831,384.86
1.44 APLD APPLIED DIGITAL CORP BMCNFN8 2.71 666,688 1,806,724.48
0.97 863 HK OSL GROUP LTD BKPSJS9 1.19 1,024,600 1,215,801.06
0.95 8473 JP SBI HOLDINGS INC 6309466 25.18 47,493 1,196,097.00
0.74 NB2 GR NORTHERN DATA AG BWT5WX6 21.58 43,072 929,489.63
0.62 BKKT BAKKT HOLDINGS INC BMQ7FW5 0.49 1,590,882 782,873.03
0.43 ARB LN ARGO BLOCKCHAIN PLC BZ15CS0 0.15 3,734,679 545,700.16
0.29 JTS-R TB JASMINE TECH-NVD B1DRQ73 1.56 236,300 369,571.78
0.21 9449 JP GMO INTERNET GROUP INC 6170167 17.99 14,375 258,646.62
0.10 CASH 1.00 124,654 124,653.57
0.04 OTHER PAYABLE & RECEIVABLES 1.00 45,058 45,058.49
0.00 BRITISH STERLING POUND 1.21 0 0.17
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/24

Sector Weight (%)
Information Technology 67.3
Financials 31.5
Communication Services 0.8
Industrials 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Packaged Software 42.8
Data Processing Services 30.2
Financial Conglomerates 10.6
Information Technology Services 4.1
Investment Banks/Brokers 3.9
Semiconductors 3.9
Miscellaneous Commercial Services 3.3
Advertising/Marketing Services 0.8
Electronics Distributors 0.4

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 82.8
Canada 8.6
Australia 3.9
China 2.3
Japan 1.0
Germany 0.8
Britain 0.4
Thailand 0.2

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 04/11/24

Return on Equity -4.50%
Weighted Avg. Market Cap 65,721 M
2023 2024
Price-to-earnings -21.04 -46.94
Price-to-book value 2.06 2.16

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/24

Versus Beta
S&P 500 1.60
NASDAQ-100 1.30
MSCI EAFE 2.72
MSCI Emg. Mkts 2.08
Standard Deviation 160.10%

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. The investable universe of companies in which BKCH may invest may be limited. Narrowly focused investments typically exhibit higher volatility. Investments in blockchain companies may be subject to the following risks: the technology is new and many of its uses may be untested; theft, loss or destruction of key(s) to access the blockchain; intense competition and rapid product obsolescence; cybersecurity incidents; lack of liquid markets; slow adoption rates; lack of regulation; third party product defects or vulnerabilities; reliance on the Internet; and line of business risk. Blockchain technology may never develop optimized transactional processes that lead to realized economic returns for any company in which the Fund invests. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. BKCH is non­diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.