21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) trades at $15.61 with AI Score 44/100 (Grade C). 21Shares FTSE Crypto 10 ex-BTC Index ETF is an exchange-traded fund (ETF) managed by 21Shares US LLC. Sector: Financial services.
Price as of Aug 21, 2026 · 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. In the absence of analyst consensus, our AI model evaluates TXBC against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
TXBC: the 3 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
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 | AI Score |
|---|---|---|---|---|
| ALISR Calisa Acquisition Corp Right | $0.64 | +0.00% | 79 | |
| IDKFF ThreeD Capital Inc. | $0.07 | +13.85% | $6.98M | 70 |
| ALTEX Firsthand Alternative Energy Fund | $12.93 | -1.90% | $8.98M | 82 |
| BCG Binah Capital Group, Inc. | $1.40 | +0.72% | $23.5M | 78 |
| EEA The European Equity Fund, Inc. | $11.15 | -0.59% | $74.7M | 67 |
| HNNA Hennessy Advisors, Inc. | $9.89 | -1.30% | $78.2M | 81 |
| ETHT ProShares - Ultra Ether ETF | $12.57 | +19.94% | $92.2M | 68 |
| TPZ Tortoise Electrification Infrastructure ETF | $21.62 | -0.18% | $127M | 70 |
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 Could Drive TXBC Stock Higher?
Increased institutional adoption of cryptocurrencies could drive demand for TXBC.
- Continued growth and development of the alternative cryptocurrency market.
- Potential regulatory clarity regarding cryptocurrencies could boost investor confidence.
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 the Growth Opportunities for TXBC?
- Increased Adoption of Alternative Cryptocurrencies: As awareness and acceptance of cryptocurrencies beyond Bitcoin grow, the demand for ETFs like TXBC that focus on alternative crypto assets is likely to increase. The market capitalization of altcoins is projected to grow significantly over the next few years, creating a larger pool of potential investors. This growth is contingent on the continued development and adoption of blockchain technology and the emergence of new use cases for cryptocurrencies.
- Expansion of ETF Offerings: 21Shares can expand its suite of crypto ETFs to cater to different investment strategies and risk appetites. This includes launching ETFs focused on specific sectors within the cryptocurrency market, such as decentralized finance (DeFi) or non-fungible tokens (NFTs). By diversifying its product offerings, 21Shares can attract a broader range of investors and increase its market share in the crypto ETF space. The timeline for launching new ETFs depends on regulatory approvals and market demand.
- Partnerships with Institutional Investors: Collaborating with institutional investors, such as pension funds and endowments, can provide TXBC with a significant influx of capital and enhance its credibility. Institutional investors are increasingly exploring opportunities in the cryptocurrency market, and ETFs like TXBC offer a convenient way to gain exposure. Building relationships with these investors requires demonstrating a strong track record of performance and robust risk management practices.
- Geographic Expansion: 21Shares can expand the availability of TXBC to new markets outside the United States. This includes listing the ETF on exchanges in Europe and Asia, where there is growing interest in cryptocurrency investments. Expanding geographically requires navigating different regulatory environments and adapting the ETF's structure to meet local requirements. The timeline for geographic expansion depends on regulatory approvals and market conditions.
- Educational Initiatives: Launching educational initiatives to inform investors about the benefits and risks of investing in cryptocurrencies and crypto ETFs can help drive adoption of TXBC. This includes creating educational content, hosting webinars, and partnering with financial advisors to educate their clients. By increasing investor awareness and understanding, 21Shares can build trust and attract new investors to its crypto ETF products.
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.
TXBC Valuation & Market Position
Relative to its peer group, TXBC's quantitative score of 44/100 is below the peer average of 75/100.
Key Financial Metrics
Return on equity for 21Shares FTSE Crypto 10 ex-BTC Index ETF stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. TXBC trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
TXBC Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the ETF's future performance, indicating a positive outlook from those closest to the company.
- Community sentiment has shifted positively as discussions around crypto ETFs gain traction, reflecting growing interest among retail investors.
- The overall crypto market has shown signs of recovery, which could bolster the ETF's performance and attract more investors.
- Regulatory clarity around cryptocurrency investments has improved, potentially leading to increased institutional participation in the ETF.
Bear Case
- Concerns about market volatility in the crypto space persist, which may deter risk-averse investors from entering the ETF.
- Recent bearish sentiment from influential market commentators may influence retail investor perceptions negatively, leading to cautious positions.
- The ETF's performance is heavily tied to the broader crypto market, which remains unpredictable and subject to rapid fluctuations.
- Increased competition from other crypto ETFs could dilute market share and investor interest in this specific fund.
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 from Benzinga, Yahoo Finance, and Finnhub for TXBC.
Price Targets
Wall Street price target analysis for TXBC.
TXBC MoonshotScore
What does this score mean?
The MoonshotScore rates TXBC 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Springer Harris
CEO title
Information on Springer Harris's background is not available in the provided data. 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 Financial Services Stock: Key Questions Answered
What does the AI Score mean for TXBC?
TXBC holds an AI Score of 44/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. 21Shares FTSE Crypto 10 ex-BTC Index ETF is an exchange-traded fund (ETF) managed by 21Shares US LLC. The fund aims to replicate the performance of the FTSE Crypto 10 ex Bitcoin Select Index …
What does 21Shares FTSE Crypto 10 ex-BTC Index ETF do?
21Shares FTSE Crypto 10 ex-BTC Index ETF provides investors with exposure to a diversified portfolio of cryptocurrencies, excluding Bitcoin, through an exchange-traded fund (ETF) structure. The fund tracks the FTSE Crypto 10 ex Bitcoin Select Index, which comprises the top 10 cryptocurrencies by market capitalization, excluding Bitcoin.
What are the main risks for TXBC?
The main risks for 21Shares FTSE Crypto 10 ex-BTC Index ETF are related to the volatility and regulatory uncertainty surrounding the cryptocurrency market. The fund's high beta of 7.85 indicates significant price fluctuations, which could lead to substantial losses for investors. Additionally, changes in regulations could negatively impact the cryptocurrency market and the fund's ability to operate.
What are the key factors to evaluate for TXBC?
21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) holds an AI score of 44/100 (low). 21Shares FTSE Crypto 10 ex-BTC Index ETF presents an investment opportunity for those seeking diversified exposure to the cryptocurrency market, excluding Bitcoin. Not financial advice.
How frequently does TXBC data refresh on this page?
TXBC's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven TXBC's recent stock price performance?
21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified exposure to cryptocurrencies excluding Bitcoin. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider TXBC overvalued or undervalued right now?
21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research TXBC before investing?
Before investing in 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding TXBC to a portfolio?
Key strength of 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC): Diversified exposure to cryptocurrencies excluding Bitcoin. Weigh rewards against risks and diversify. Not financial advice.
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
Data provided for informational purposes only.
- AI analysis is pending, limiting the depth of financial and market insights.
- CEO background and track record are unavailable, hindering leadership assessment.