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Dividend Vision

BCDF — Horizon Kinetics Blockchain Development ETF

Horizon Kinetics Blockchain Development ETF (BCDF)

BCDF pays a 2.29% distribution rate, annual, on a 0.85% expense ratio. Its Distribution Safety Score™ is 50 (Caution). Total return is 36.6% over the past 4 years, 64.1 points behind SPY at 100.7%. Its deepest 1-year drawdown was 14.0%.

Horizon Kinetics Blockchain Development ETF is an actively managed equity ETF that invests primarily in companies expected to benefit from blockchain technology, including those involved in digital asset issuance, custody, trading, and administration, across both domestic and foreign markets via stocks, ADRs, and GDRs. The fund carries an expense ratio of 0.85% and distributes annually at a modest rate. It appeals to investors seeking exposure to blockchain and cryptocurrency-related businesses, though as a non-diversified fund it concentrates its holdings rather than spreading them broadly.

BCDF key facts

Distribution Safety Score™
50 · Caution
Issuer
Horizon Kinetics
Asset type
ETF
Asset class
Equity
Inception date
08/01/2022
Expense ratio
0.85%
Distribution rate
2.29%
Distribution frequency
Annual
Trailing yield
2.29%
Last close
$33.33
AUM
$21,845,990
Average volume
1516.0
Last dividend
$0.7630
Ex-dividend date
12/23/2025
Payment date
12/24/2025
Beta
0.5535
P/E ratio
13.8713