ETF Evaluator:
Siren Nasdaq NexGen Economy ETF (BLCN)
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(as of Jul 14)
Best Performing in Equity Digital Assets Over the Last Year
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ETF Details
Siren Nasdaq NexGen Economy ETF Overview
Siren Nasdaq NexGen Economy ETF (BLCN) is an actively managed Sector Equity Equity Digital Assets exchange-traded fund (ETF). SRN Advisors launched the ETF in 2018.
The investment seeks long-term capital appreciation.
The fund invests in companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others. These Blockchain companies that are committing material resources to further the use and deployment of blockchain technology to, for example, streamline the distribution and verification of cross-border payments; more efficiently store and secure cloud-based digital data; facilitate trusted transactions based on data security and privacy; and mitigate risk in supply chain management, among other uses.
About Siren Nasdaq NexGen Economy ETF (BLCN)
There are 1 members of the management team with an average tenure of 5.60 years: Scott Freeze (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Siren Nasdaq NexGen Economy ETF has 32 securities in its portfolio. The top 10 holdings constitute 60.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
Siren Nasdaq NexGen Economy ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Siren Nasdaq NexGen Economy ETF has 38.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 36.6% There is 38.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Siren Nasdaq NexGen Economy ETF has 24.2% of the portfolio in cash.
Assets Under Management
The fund has $36 million in total assets, which is below the $202 million average for the Equity Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BLCN Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Siren Nasdaq NexGen Economy ETF expense ratio is above average compared to funds in the Equity Digital Assets category. Siren Nasdaq NexGen Economy ETF has an expense ratio of 0.68%, which is 2% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Siren Nasdaq NexGen Economy ETF has a portfolio turnover rate of 771%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 129% for the Equity Digital Assets category.
Recently, in the month of June 2026, Siren Nasdaq NexGen Economy ETF returned -3.6%, which earned it a grade of A, as the Equity Digital Assets category had an average return of -11.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Siren Nasdaq NexGen Economy ETF has a trailing yield of 2.71%, which is below the 5.17% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Siren Nasdaq NexGen Economy ETF Grades
Year to date, the ETF has returned 7.1%, 12.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 10.5% over the past year (grade of D), 7.1% over the past three years (grade of F) and -10.8% per year over the past five years (grade of F).
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BLCN Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BLCN Return (NAV) | -3.6% | 23.7% | 10.5% | 7.1% | -10.8% | na |
| BLCN Return (Price) | -5.1% | 20.9% | 11.9% | 6.9% | -10.8% | na |
| NAV +/- Price Return | 1.556% | 2.789% | -1.379% | 0.265% | 0.036% | na |
| Equity Digital Assets Avg | -11.8% | 35.0% | 33.4% | 38.6% | -0.5% | na |
| BLCN Grade (NAV) | A | D | D | F | F | na |
| +/- Category (NAV) | 8.2% | -11.4% | -22.9% | -31.5% | -10.3% | na |
| BLCN Tax-Cost Ratio | na | na | 1.1% | 0.5% | 0.4% | na |
BLCN Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BLCN Return (NAV) | 7.1% | -4.6% | 7.3% | 17.6% | -51.0% | 5.3% | 58.9% | 33.8% | na | na | na |
| BLCN Return (Price) | 5.9% | -3.8% | 5.6% | 21.1% | -51.8% | 4.9% | 60.6% | 34.0% | na | na | na |
| NAV +/- Price Ret | -0.162% | -0.169% | -0.230% | 0.196% | 0.014% | -0.090% | 0.028% | 0.3% | na | na | na |
| Equity Digital Assets Avg | 19.4% | 23.1% | 38.6% | 197.0% | -75.4% | 18.5% | 73.5% | 31.5% | na | na | na |
| BLCN Grade (NAV) | D | F | F | F | A | F | F | A | na | na | na |
| +/- Category | -12.3% | -27.7% | -31.3% | -179.4% | 24.4% | -13.1% | -14.6% | 2.3% | na | na | na |
| Risk Measures | |
| Beta: | 2.08 |
| R-Squared: | 68% |
| Standard Deviation: | 32.2% |
| Category Risk Index: | 0.51 |
| Category Risk Rating: | Low |
| Total Risk Index: | 2.64 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 2.7% |
| Total Assets: | $ 36 Mil |
| Share Class Assets: | $ 36 Mil |
| Turnover: | 771.0% |
| Expense Ratio: | 0.68% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 5.6 years | |||
| Average Tenure: 5.6 years | |||
| Managers (Year): Freeze Scott (2020) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 32 |
| % in Top 10 Holdings: | 60.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 38.9% |
Portfolio Allocation |
|
| Domestic Stock: | 36.6% |
| Foreign Stock: | 38.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.3% |
| Cash: | 24.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | SRN Advisors |
| Phone Number: | 866-829-5457 |
| Website: | |
| Inception Date: | January 16, 2018 |
Expenses and Fees
| Expense Ratio (%): | 0.68% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.67% |
