- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- United States of America
- IPO Date
- Oct 7, 2021
- Business
- Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the Alerian Galaxy Global Blockchain Equity, Trusts and ETPs Index. The fund generally invests at least 80% of its total net assets in securities comprising the index, which includes stocks of companies materially engaged in the development of blockchain technology, cryptocurrency mining, cryptocurrency buying, or enabling technologies; exchange-traded products linked to cryptocurrencies; and private investment trusts traded over-the-counter that hold cryptocurrencies. Key holdings include the Invesco BLKC Cayman Fund (13.95%), Bakkt Holdings (3.62%), Mercurity Fintech (3.56%), mining firms such as IREN (1.53%), Cleanspark (1.52%), and Bitfarms (1.48%), along with technology enablers like Intel (1.46%) and Applied Digital (1.43%), among 75 total positions as of September 30, 2025.
Launched on October 7, 2021, and listed on Cboe BZX Exchange, Inc., BLKC is passively managed by Invesco Ltd., with a total expense ratio of 0.60% and net assets of approximately $7.59 million as of late 2025. The fund maintains sector allocations led by information technology (54.65%), financials (23.83%), and consumer discretionary (7.73%), with geographic exposure primarily in the United States (57.20%), Cayman Islands (13.95%), and China (10.35%). It targets investors seeking thematic exposure to the blockchain economy and decentralized commerce, indirectly accessing cryptocurrency volatility through diversified equity and trust holdings rather than direct digital asset ownership.
The index underlying BLKC reflects a strategic partnership between index provider VettaFi, LLC (formerly Alerian S-Network Global Indexes) and Galaxy Digital Holdings Ltd., combining expertise in blockchain equities and digital assets for monthly rebalanced, rules-based benchmarks. No major acquisitions, funding rounds, or name changes have been reported in the last 1-2 years; however, the fund has sustained strong performance with a year-to-date NAV return of 40.03% and a one-year return of 72.73% as of September 30, 2025, amid ongoing evolution in cryptocurrency-linked ETPs and private vehicles. Invesco continues to expand its digital asset ETF suite through such thematic offerings, with managers including Peter Hubbard since inception and recent addition Dave Sahota in February 2024.