On Friday the investment management company Van Eck released new research indicating that Bitcoin’s price movement is less volatile than between a quarter and a third of the stocks listed on the SP 500.
In one publication Blog, the German issuer of listed products While Bitcoin has long been considered an “emerging and volatile asset outside of traditional stock and capital markets,” Reality shows that the world’s largest cryptocurrency trades with a volatility comparable to some of the world’s largest companies.
So far this year, 29% of SP 500 stocks had more volatile price movements than the digital currency, while 22% did so over a 90-day period. Said Van Eck.
The research is noteworthy as Van Eck’s top offerings are largely reflected in an asset class that has long been seen as a competitor to Bitcoin: Gold.
Of the nearly $ 50 billion in assets under management by Van Eck, most relate to gold funds. The company founded both the first gold stock fund (INIVX) in 1968 and the now extremely popular first gold mining ETF 2006 (GDX).
Despite his emphasis on gold bars Van Eck was never afraid to explore Bitcoin. The Company is currently offering a publicly traded Bitcoin product to institutional investorsand previously sent Applications to the SEC to offer a Bitcoin ETF.
The company recently released a report stating this Institutional investors should consider having Bitcoin on their record books.
Given the regulatory hurdles Van Eck encountered in his most recent project for a Bitcoin ETF, this latest investigation could potentially be more aimed at allaying the SEC’s fears than at investors who have so far done so They showed a remarkable appetite for BTC-backed securities.