Share-split context: A reverse split was recorded on Dec 20, 2022 with coefficient 0.25. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

Global X Blockchain ETF (BKCH) Overview

The Global X Blockchain ETF (BKCH) is designed to invest in companies involved in blockchain technology. It is characterized by a high level of price volatility and a severe erosion-risk flag.

What this ETF is Trying to Do

BKCH seeks to provide exposure to the blockchain industry. It does this by holding a variety of companies that build or use blockchain systems. Based on the Top Holdings (updated October 8, 2026), the fund is heavily weighted in companies like Coinbase Global Inc (13.94%), Circle Internet Group Inc (12.76%), and Bitmine Immersion Technologies Inc (10.29%).

What the Numbers Show

The performance of BKCH varies greatly depending on the time frame:

• Year-to-Date: The price return is 4.76%.

• One Year: The price return is -34.48%, while the total return (which includes distributions) is -33.24%.

• Three Years: The price return is 186.60%, and the total return is 219.51%.

• Five Years: The total return is -23.10%.

The fund has a history of a reverse split. On December 20, 2022, multiple old shares were combined into fewer new shares. This caused the per-share price to rise mechanically, but it did not restore any lost investment value.

Income and Distribution Explanation

BKCH provides a distribution yield of approximately 1.82%. Over the last 12 months, it has made only one payout, totaling 1.218 per share. The distribution frequency is described as irregular or less frequent.

For new investors, it is important to remember that a distribution yield is not the same as a total return. A yield shows the cash paid out relative to the price, but it does not guarantee that the original investment is safe.

Price and NAV Erosion Explanation

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, the fund has a severe erosion-risk flag. This was triggered because the split-adjusted price trend and an erosion score of 30 (labeled as "significant price erosion") indicate substantial price deterioration.

Pros

• Long-term Growth: The three-year total return is significantly positive at 219.51%.

• Industry Access: It provides a way to invest in many blockchain companies through one fund.

Cons

• High Volatility: The one-year price return shows a steep decline of 34.48%.

• Erosion Risk: The fund has a severe erosion-risk flag and a "significant" erosion severity rating.

• Inconsistent Income: Payouts are irregular and have a low income rating grade of "D."

Beginner Takeaway

BKCH offers a way to track the blockchain sector, but it comes with significant risks. While it has seen huge gains over three years, it has also seen sharp price drops. The severe erosion-risk flag warns investors that the share price has shown a concerning downward trend. High yields or past gains do not guarantee future results.