(BTC1) Bitwise Core Bitcoin ETC - Ratings and Ratios

Bitwise Core Bitcoin ETC EUR (XETRA:BTC1) is a digital asset-focused ETF designed to track the price of Bitcoin in Euro terms, offering investors exposure to Bitcoin without directly holding the cryptocurrency. Listed on the XETRA exchange, BTC1 provides a regulated and tradable instrument for accessing Bitcoins performance. The ETF is structured to reflect Bitcoins price movements, leveraging the transparency and liquidity of traditional equity markets. This makes it an accessible option for investors familiar with ETFs but cautious about engaging directly with cryptocurrencies.

From a technical perspective, BTC1 exhibits a bearish trend as the 20-day moving average (8.74) is below the 50-day (9.24) and 200-day (7.59) moving averages, indicating downward momentum. The Average True Range (ATR) of 0.33 suggests moderate volatility. With an average 20-day volume of 18,180, liquidity is present but not exceptionally high. The last price of 8.05 reflects current market sentiment. Fundamentally, the ETF manages assets under management (AUM) of 28.26M EUR, a modest size that may indicate lower fees but could also suggest higher volatility and less liquidity compared to larger funds.

Over the next three months, BTC1 is expected to face headwinds due to its current bearish trend. The gap between the 20-day and 50-day moving averages may widen further, potentially driving the price lower. However, if Bitcoins price stabilizes or experiences a rebound, BTC1 could see a recovery, especially if the 20-day moving average surpasses the 50-day average. Investors should monitor these technical indicators and broader market sentiment to gauge potential movements in BTC1s price.