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Bloomberg Analyst: Bitcoin's volatility structure is gradually aligning with gold, and its asset characteristics may change

MeNews
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ME News Report, May 29 (UTC+8), Bloomberg senior ETF analyst Eric Balchunas posted on X platform that Bitcoin's volatility and correlation are increasingly approaching gold levels. This trend is significantly underestimated amid the current market correction and could be a positive signal amid recent market turbulence. Based on the 60-day historical volatility comparison data between IBIT and gold ETF (GLD) since their launch, it can be seen that Bitcoin's volatility structure is gradually aligning with gold, indicating that its asset properties may be changing. Eric Balchunas added that despite the volatile market environment, the BlackRock Bitcoin Spot ETF (IBIT) has continued to outperform U.S. stocks since the escalation of the Iran conflict, and since BlackRock ETF approval, it has achieved over twice the excess return compared to the S&P 500 ETF (SPY). (Source: ODAILY)
BTC-0.5%
XAUUSD0.99%
IBIT0.07%
BLK-0.05%
View Original
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NodeUnderTheAurora
· 4h ago
The volatility convergence signal is indeed crucial, indicating that institutional funds are reshaping Bitcoin's price structure.
View OriginalReply0
SandwichBlockSam
· 5h ago
Volatility decreases, so pension funds dare to come in.
View OriginalReply0
Semi-MeltedIceCream
· 5h ago
The ETF fund pool depth is sufficient, and the price discovery mechanism is indeed evolving.
View OriginalReply0

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