(CCHA) CoinShares Physical - Ratings and Ratios

CoinShares Physical Chainlink EUR (XETRA:CCHA) is a Germany-based exchange-traded fund (ETF) designed to provide investors with exposure to Chainlink (LINK), a leading blockchain oracle service. The ETF is structured as a physical asset-backed fund, meaning it holds the underlying cryptocurrency in secure custody, allowing investors to gain exposure to Chainlink without directly holding the digital asset. This structure is particularly appealing to institutional investors and those who prefer the familiarity of traditional financial instruments.

From a technical analysis perspective, CCHA has shown a recent decline in price momentum, with its last price of 1.25 falling below its 20-day (1.29) and 50-day (1.64) simple moving averages (SMA). The 200-day SMA of 1.39 suggests that the ETF is currently trading below its long-term trend line, indicating bearish sentiment in the short to medium term. The Average True Range (ATR) of 0.12 reflects relatively low volatility, suggesting that price movements have been stable and not overly erratic.

Fundamentally, the ETF has assets under management (AUM) of 14.71 million EUR, indicating moderate investor interest and a manageable scale for liquidity. As a digital asset ETF, CCHA is part of a growing class of financial products that bridge traditional capital markets with the emerging digital asset ecosystem, offering a regulated and familiar investment vehicle for exposure to cryptocurrencies.

3-Month Forecast: Based on the current technical and fundamental data, CCHA is expected to face short-term headwinds due to its position below key moving averages. However, the low ATR suggests that volatility will remain contained, potentially leading to a sideways trading range. If the broader digital asset market experiences a rebound, CCHA could see moderate inflows, driving AUM higher and supporting a price recovery toward its 200-day SMA of 1.39. Conversely, if market sentiment remains bearish, the ETF may continue to trade near current levels or slightly lower.