Bitcoin Spot ETF IBIT 60-Day Volatility Narrows to 34%, Approaching Gold ETF Levels

BTC0.13%
IBIT-2.44%
XAUUSD0.99%
According to Bloomberg analyst Eric Balchunas, Bitcoin spot ETF IBIT's 60-day historical volatility has narrowed to approximately 34% as of May 29, compared to gold ETF GLD's 27%. Balchunas noted that Bitcoin's volatility correlation with gold continues to rise. Additionally, IBIT has outperformed the S&P 500 ETF SPY with more than double the returns since BlackRock submitted its Bitcoin ETF application.
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panjulvip
· 13h ago
Bull Run 🐂
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