Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF
The fund generally will invest at least 80% of its total assets in the securities that comprise the underlying index. The underlying index is comprised of two different components: (i) stocks of companies that are materially engaged in the research and development of blockchain technology, cryptocurrency mining, cryptocurrency buying, or cryptocurrency enabling technologies; and (ii) ETPs and private investment trusts traded over-the-counter that invest at least 75% of their assets in Bitcoin. The fund is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$1M OVER THIS RANGE
Flows are quiet — the past month netted out near zero, while the price has returned -15.3% so far this year. At 0.60% a year it is not the cheapest way in — ESMV runs the same ground at 0.18%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | —CASH & EQUIVALENTS | 0.02% | — | — | — | |
| 2 | —CASH & EQUIVALENTS | 99.98% | — | — | — |
| 1 week | 0.0% |
| 1 month | 0.0% |
| 3 months | 0.0% |
| 6 months | -0.3% |
| YTD | -15.3% |
| 1 year | -18.9% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | +$1M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The top holding is 100.0% of the book; the top ten carry 100%. Spread across 2+ names, it behaves like roughly 1 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat BLKC on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| IBIT iShares Bitcoin Trust | 0.12% | $64.8B | — | -48bp on fee | Head-to-head |
| EWN iShares MSCI Netherlands ETF | 0.50% | $745M | +$142M | -10bp on fee · +$142M in over the month | Head-to-head |