On Friday, investment management firm Van Eck released new research showing that bitcoin price movements are less volatile than a quarter to a third of the stocks listed on the S&P 500.
In a blog post, a German exporter of traded products stated that while Bitcoin has long been considered a “volatile emerging asset outside of the traditional equity and capital markets”, the reality shows that the world’s largest cryptocurrency trades with fluctuations similar to that of some of the world’s largest companies.
According to Van Eck, from year to year, 29% of the S&P 500 stocks experienced more volatile price fluctuations than the digital currency, while 22% did the same for 90 days.
The study is noteworthy given that Van Eck’s flagship offering mostly falls into the asset class that has long been seen as a competitor to Bitcoin: gold.
Of Van Eck’s total assets of around $ 50 billion, the vast majority are associated with gold funds, and the company established the first gold fund in 1968 (INIVX) and the first gold mining fund – which is now very popular – in 2006 (GDX).
However, despite his focus on bullion, Van Eck was never shy about learning Bitcoin. The company currently offers a Bitcoin exchange product to institutional investors and has previously submitted to the SEC to introduce the Bitcoin ETF.
The company recently released a report claiming that institutional investors should consider including Bitcoin on their books.
Perhaps given the regulatory hurdles Van Eek faced during his recent project with the Bitcoin ETF, this latest study may be geared more towards warding off SEC concerns from investors, who have shown a noticeable investor appetite thus far. BTC support. Guarantees.