(2BTC) 21Shares Bitcoin ETP - Ratings and Ratios

The 21Shares Bitcoin ETP (XETRA:2BTC) is a German-based exchange-traded product (ETP) that provides investors with exposure to Bitcoin. As a digital asset ETF, it allows investors to participate in the cryptocurrency market without directly holding the underlying asset.

From a performance perspective, the ETP has shown significant price movements, with a current price of €34.43. The short-term and long-term moving averages (SMA20 and SMA50) indicate a recent uptrend, while the SMA200 suggests a longer-term bullish trend. The Average True Range (ATR) of 0.52, or 1.50%, indicates moderate volatility.

In terms of key performance indicators (KPIs), the ETPs Assets Under Management (AUM) stand at €164.72 million, indicating a reasonable level of investor interest. To further evaluate the ETPs performance, additional KPIs such as tracking error, liquidity, and expense ratio should be considered. A low tracking error would indicate that the ETP is effectively replicating the performance of Bitcoin, while high liquidity would facilitate easier buying and selling. A reasonable expense ratio would help minimize costs for investors.

To make an informed investment decision, its essential to consider the ETPs investment objective, risk profile, and fees. Investors should also be aware of the underlying market risks, such as Bitcoin price volatility, regulatory changes, and potential security risks associated with cryptocurrency investments.