Since the start of 2020, Bitcoin price volatility has been lower than that of 29% of the stocks in the S&P 500 index, выяснили specialists at VanEck.
According to their study, the stock prices of 145 of the 505 firms included on the list have been more volatile since the start of the year than Bitcoin’s price.
Source: VanEck.
As of November 13, Bitcoin’s 90-day volatility was lower than that of 112 S&P 500 stocks (22%).
“Although there are currently no Bitcoin-based ETFs available in the United States, based on the comparison above we believe such products could exhibit volatility characteristics similar to many stocks of well-known indices and ETFs, such as the S&P 500,” the researchers noted.
Earlier, VanEck, together with SolidX, filed with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin ETF, but withdrew it amid regulatory uncertainty.
In April, the firm’s analysts concluded that Bitcoin strengthens its correlation with gold and its status as a safe-haven asset.
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