Investment management firm Van Eck released new research on Friday indicating that Bitcoin’s price movements are less volatile than between a quarter and a third of the stocks listed on the S&P 500.
In a blog post, the German exchange-traded commodity issuer said that while Bitcoin has long been viewed as an “emerging and volatile asset outside of traditional stock and financial markets,” reality shows that the largest crypto world currency trades with volatility comparable to this one. from some of the biggest companies in the world.
Since the start of the year, 29% of S&P 500 stocks have seen more volatile price movements than digital currency, while 22% have done the same on a 90-day basis, Van Eck said.
The research is remarkable, given that Van Eck’s flagship offerings are largely framed in an asset class long seen as a competitor to Bitcoin: gold.
Of Van Eck’s nearly $ 50 billion in assets under management, the majority are tied to gold funds, and the company founded both the first gold equity fund in 1968 (INIVX) and the first – now very popular – 2006 Gold Miners ETF (GDX).
Despite their emphasis on bullion, Van Eck never shied away from exploring Bitcoin, however. The company is currently offering a Bitcoin exchange traded product to institutional investors and has previously sent requests to the SEC to offer a Bitcoin ETF.
The company also recently released a report claiming that institutional investors should consider having Bitcoin on their books.
Perhaps, given the regulatory hurdles Van Eck faced during their latest Bitcoin ETF venture, this latest research might be more focused on allaying the fears of the SEC than those of investors, who to date have demonstrated a remarkable appetite for investors. BTC-backed securities.