(HDX1) Hashdex Nasdaq Crypto Index - Ratings and Ratios

The Hashdex Nasdaq Crypto Index Europe ETP EUR is an exchange-traded product (ETP) listed on XETRA, categorized under Digital Assets. As a Germany-originated ETP, it provides exposure to a diversified basket of cryptocurrencies.

With Assets Under Management (AUM) of approximately €656.16 million, the ETP has a substantial presence in the European market. This significant AUM indicates a considerable investor interest in gaining exposure to the cryptocurrency market through a diversified index.

To evaluate its performance, we can look at key metrics such as the 52-week high and low, which are €83.12 and €35.33, respectively. The current price is €67.13, indicating a moderate level of volatility. The Average True Range (ATR) of 1.39, or 2.07%, further supports this observation, suggesting that the ETPs price movements are relatively volatile.

Analyzing the short-term and long-term trends using Simple Moving Averages (SMAs), we observe that the ETP is currently trading above its SMA20 (€66.62) and SMA50 (€66.45), indicating a positive short-term trend. Moreover, it is trading above its SMA200 (€63.75), suggesting a longer-term uptrend. These trends can be used to inform investment decisions.

From a trading perspective, the ETPs liquidity and trading volume should be monitored to ensure that it can be easily bought or sold without significantly impacting the market price. Additionally, the underlying indexs composition and rebalancing methodology should be understood to assess the ETPs potential for tracking error and other risks.