(21BC) 21Shares Bitcoin Core ETP - Overview
Etf: Exchange-Traded Product, Bitcoin Exposure, EUR-Denominated
| Risk 5d forecast | |
|---|---|
| Volatility | 48.7% |
| Relative Tail Risk | -6.50% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.02 |
| Alpha | -47.82 |
| Character TTM | |
|---|---|
| Beta | 0.498 |
| Beta Downside | 0.417 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.93% |
| CAGR/Max DD | 0.82 |
Description: 21BC 21Shares Bitcoin Core ETP December 31, 2025
21Shares Bitcoin Core ETP (ticker 21BC) is a Germany-domiciled exchange-traded product that gives investors direct exposure to Bitcoin by holding the cryptocurrency on a one-to-one basis with the issued units.
Key metrics to watch: the Net Asset Value (NAV) per share tracks Bitcoin’s price 24/7, while the expense ratio is currently 0.85 % p.a., which is modest for a crypto-focused ETP. Liquidity is supported by XETRA market-making, with an average daily volume of roughly €12 million over the past month.
Sector drivers include the broader digital-asset market’s correlation with macro-risk sentiment, regulatory developments in the EU (e.g., MiCA), and Bitcoin’s on-chain fundamentals such as hash-rate growth and institutional inflows measured by the Bitcoin Whales Index.
Given the high volatility of Bitcoin, the product’s performance is tightly linked to the cryptocurrency’s price trajectory; a 10 % move in Bitcoin typically translates to a near-identical 10 % swing in 21BC’s price, minus fees.
For a deeper, data-driven assessment of 21BC’s risk-adjusted returns and how it fits into a diversified portfolio, you may find the analytics on ValueRay worth exploring.
What is the price of 21BC shares?
Over the past week, the price has changed by -12.15%, over one month by -24.00%, over three months by -35.20% and over the past year by -37.49%.
Is 21BC a buy, sell or hold?
What are the forecasts/targets for the 21BC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 15.3 | 9.1% |
21BC Fundamental Data Overview February 03, 2026
Revenue TTM = 0.0 EUR
EBIT TTM = 0.0 EUR
EBITDA TTM = 0.0 EUR
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 445.1m EUR (445.1m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 445.1m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 445.1m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 25.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 7.75% (E(445.1m)/V(445.1m) * Re(7.75%) + (debt-free company))
Discount Rate = 7.75% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)