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

The 21Shares Crypto Basket Index ETP EUR (XETRA:21XH) is an exchange-traded product (ETP) that provides diversified exposure to the cryptocurrency market. As a digital assets ETF, it is listed on the XETRA exchange and originates from Germany.

To evaluate its performance, we can look beyond the provided technical and fundamental data. Key performance indicators (KPIs) such as the ETFs tracking error, expense ratio, and trading volume can provide valuable insights. A low tracking error would indicate that the ETP is effectively replicating the performance of its underlying index. The expense ratio, which represents the annual fees charged to investors, is also crucial in determining the ETPs net returns. Additionally, a high trading volume typically signifies liquidity, making it easier for investors to buy and sell shares.

From a risk management perspective, its essential to consider the ETPs volatility, correlation with other assets, and potential drawdowns. The provided average true range (ATR) of 0.36, equivalent to 2.00%, suggests a relatively moderate level of volatility. However, a more comprehensive analysis of the ETPs risk profile would involve examining its historical drawdowns, stress testing, and potential correlations with other asset classes.

To further assess the ETPs attractiveness, we can examine its assets under management (AUM) growth, which currently stands at 203.79M EUR. A steadily increasing AUM can indicate growing investor confidence and demand for the product. By comparing the ETPs AUM growth to that of its peers, we can gain insights into its relative popularity and potential market positioning.