21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick Answer21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) trades at $18.75. 21Shares FTSE Crypto 10 ex-BTC Index ETF is an exchange-traded fund (ETF) managed by 21Shares US LLC. Sector: Financials.
Price as of · Last analyzed: Mar 16, 2026Analyst Coverage for TXBC: TXBC does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) Financial Services Profile
21Shares FTSE Crypto 10 ex-BTC Index ETF offers investors exposure to a diversified portfolio of crypto assets, excluding Bitcoin, through an exchange-traded fund structure. Managed by 21Shares US LLC, the fund tracks the FTSE Crypto 10 ex Bitcoin Select Index, providing a convenient way to participate in the cryptocurrency market.
What Is the Investment Thesis for TXBC?
21Shares FTSE Crypto 10 ex-BTC Index ETF presents an investment opportunity for those seeking diversified exposure to the cryptocurrency market, excluding Bitcoin. The fund's strategy of tracking the FTSE Crypto 10 ex Bitcoin Select Index offers a way to participate in the potential growth of alternative cryptocurrencies. The ETF's use of derivatives and other funds allows for efficient replication of the index's performance. However, the high beta of 7.85 indicates significant volatility, and the absence of dividends may deter income-seeking investors. The fund's success hinges on the continued growth and adoption of the cryptocurrencies included in the index.
Based on FMP financials and quantitative analysis
TXBC Key Highlights
The fund seeks to track the performance of the FTSE Crypto 10 ex Bitcoin Select Index, providing exposure to a diversified portfolio of cryptocurrencies excluding Bitcoin.
- The fund was launched on November 13, 2025, making it a relatively new entrant in the ETF market.
- The fund is managed by 21Shares US LLC, a specialist in managing crypto-related investment products.
- The ETF has a high beta of 7.85, indicating significant volatility compared to the broader market.
- The fund does not offer a dividend yield, which may not appeal to income-focused investors.
Who Are TXBC's Competitors?
TXBC is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| BLK BlackRock, Inc. | $1059.63 | -0.44% | $164B | 49 5-pillar |
| BX Blackstone Inc. | $111.74 | -0.45% | $135B | 67 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | -0.23% | $74.8B | 55 5-pillar |
| BAM Brookfield Asset Management | $44.85 | +0.65% | $71.6B | 58 5-pillar |
| AMP Ameriprise Financial, Inc. | $490.91 | -0.79% | $44.1B | 76 5-pillar |
| ARES Ares Management Corporation | $117.55 | +0.84% | $38.6B | 56 5-pillar |
| TROW T. Rowe Price Group, Inc. | $104.62 | -1.14% | $22.4B | 84 5-pillar |
| ATHS Athene Holding Ltd. | $23.51 | -0.63% | $18.8B | 55 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TXBC's Key Strengths?
Diversified exposure to cryptocurrencies excluding Bitcoin.
- Managed by a specialist in crypto investment products.
- Tracks a well-defined index.
- Offers daily liquidity through exchange trading.
What Are TXBC's Weaknesses?
High beta indicates significant volatility.
- No dividend yield may deter income-seeking investors.
- Relatively new ETF with a limited track record.
- Dependent on the performance of the cryptocurrency market.
What Are the Key Risks for TXBC?
Regulatory changes could negatively impact the cryptocurrency market and TXBC.
- High volatility in the cryptocurrency market could lead to significant losses for investors.
- Security breaches or hacks could compromise the security of crypto assets held by the fund.
- Competition from other crypto ETFs and investment funds could erode market share.
What Are TXBC's Competitive Advantages?
- First-mover advantage in offering a diversified crypto ETF excluding Bitcoin.
- Expertise of 21Shares US LLC in managing crypto-related investment products.
- Established tracking methodology based on the FTSE Crypto 10 ex Bitcoin Select Index.
- Accessibility and liquidity of an exchange-traded fund.
What Does TXBC Do?
21Shares FTSE Crypto 10 ex-BTC Index ETF, launched on November 13, 2025, by Listed Funds Trust, provides investors with exposure to a basket of leading cryptocurrencies, excluding Bitcoin. Managed by 21Shares US LLC, the fund seeks to replicate the performance of the FTSE Crypto 10 ex Bitcoin Select Index. This ETF offers a diversified approach to investing in the cryptocurrency market, allowing investors to gain exposure to a range of digital assets without directly holding them. The fund utilizes a representative sampling technique to mirror the index's performance, investing directly in crypto assets, through other funds, and using derivatives such as options, swaps, and futures. As a relatively new entrant in the ETF market, 21Shares FTSE Crypto 10 ex-BTC Index ETF aims to provide a regulated and accessible investment vehicle for those seeking to participate in the growth of the cryptocurrency market beyond Bitcoin.
What Products and Services Does TXBC Offer?
- Provide an exchange-traded fund (ETF) focused on cryptocurrencies excluding Bitcoin.
- Track the performance of the FTSE Crypto 10 ex Bitcoin Select Index.
- Invest directly in crypto assets.
- Utilize derivatives such as options, swaps, and futures to manage the portfolio.
- Offer investors a diversified way to gain exposure to the cryptocurrency market.
- Provide a regulated and accessible investment vehicle for crypto investments.
How Does TXBC Make Money?
- Generate revenue through management fees charged on the assets under management (AUM).
- Employ a representative sampling technique to track the underlying index.
- Utilize derivatives to enhance returns and manage risk.
- Offer daily liquidity through exchange trading.
What Industry Does TXBC Operate In?
The asset management industry is experiencing rapid growth in cryptocurrency-related investment products. ETFs like 21Shares FTSE Crypto 10 ex-BTC Index ETF are gaining traction as they offer a regulated and accessible way for investors to participate in the cryptocurrency market. The competitive landscape includes other crypto ETFs and investment funds, each with varying strategies and risk profiles. The growth of the cryptocurrency market and increasing institutional adoption are key drivers for this segment of the asset management industry.
Who Are TXBC's Key Customers?
- Retail investors seeking exposure to cryptocurrencies.
- Institutional investors looking for a diversified crypto investment product.
- Financial advisors seeking to allocate client portfolios to digital assets.
- Sophisticated investors familiar with the risks and opportunities of the cryptocurrency market.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is an etf, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 41 snapshots
| 2026-08-23 | 44 |
| 2026-08-31 | 44 |
| 2026-09-08 | 44 |
| 2026-09-16 | 44 |
| 2026-09-24 | 44 |
| 2026-10-04 | 44 |
What changed?
The score has stayed at 44.
Over the same 30 days the stock moved +13.6%.
TXBC Financials
Bull Case vs Bear Case
Bull Case
- Diversified exposure to cryptocurrencies excluding Bitcoin.
- Managed by a specialist in crypto investment products.
- Tracks a well-defined index.
- Offers daily liquidity through exchange trading.
Bear Case
- High beta indicates significant volatility.
- No dividend yield may deter income-seeking investors.
- Relatively new ETF with a limited track record.
- Dependent on the performance of the cryptocurrency market.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
TXBC Latest News
No recent news available for TXBC.
TXBC Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for TXBC.
Price Targets
Wall Street price target analysis for TXBC.
TXBC MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for TXBC; grades run from A+ (80-100) to F (below 30).
Leadership: Springer Harris
CEO title
Without additional context, it is impossible to provide a detailed biography, including career history, education, previous roles, and credentials. Further research would be needed to complete this section with accurate and relevant information.
Track Record: Information on Springer Harris's track record is not available in the provided data. Without additional context, it is impossible to provide details on key achievements, strategic decisions, and company milestones under their leadership. Further research would be needed to complete this section with accurate and relevant information.
21Shares FTSE Crypto 10 ex-BTC Index ETF Financials Stock: Key Questions Answered
What do analysts say about TXBC stock?
Without analyst reports or ratings, it is not possible to provide a summary of analyst consensus, key valuation metrics, or growth considerations. Further research and access to analyst reports would be needed to complete this section with accurate and relevant information.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- CEO background and track record are unavailable, hindering leadership assessment.