(21XH) 21Shares Crypto Basket - Ratings and Ratios

The 21Shares Crypto Basket Index ETP EUR (Ticker: 21XH) is a digital asset-focused exchange-traded product listed on XETRA, providing exposure to a diversified basket of cryptocurrencies. The ETP is designed to track the performance of a basket of top cryptocurrencies, offering investors a simplified way to gain exposure to the crypto market without directly holding individual assets.

From a technical perspective, the ETP currently trades at 14.97 EUR, below its short-term SMA 20 (17.05) and SMA 50 (18.48) levels, but above its SMA 200 (14.78), indicating potential support at current levels. The Average True Range (ATR) of 0.79 reflects moderate volatility in recent trading sessions. Average daily volume over the past 20 days stands at 27,929 shares, suggesting consistent liquidity.

Fundamentally, the ETP manages Assets Under Management (AUM) of 210.20M EUR, highlighting investor interest in diversified crypto exposure. The product is structured to appeal to investors seeking broad crypto market participation through a traditional ETF framework.

3-Month Forecast:

Based on the convergence of technical and fundamental data, the 21XH ETP is expected to remain range-bound between 13.50 EUR and 16.50 EUR over the next three months. The SMA 200 (14.78) and SMA 50 (18.48) suggest potential resistance at higher levels, while the ATR of 0.79 indicates manageable volatility. Fundamental demand for crypto exposure, supported by the AUM of 210.20M EUR, may provide stability, though price action will likely remain correlated with broader crypto market trends.