Van Eck: Bitcoin is „less volatile than many“ stocks
Van Eck’s latest investigation appears to be an effort to quell investor fears about Bitcoin … as well as those of the SEC.
On Friday, investment management firm Van Eck released new research indicating that Bitcoin’s price movements are less volatile than between a quarter and a third of stocks listed on the S&P 500.
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In a blog post, the German issuer of publicly traded products said that while Crypto Wealth has long been considered a „nascent and volatile asset outside of traditional equity and capital markets,“ reality shows that the largest cryptocurrency The world is traded with volatility comparable to that of some of the world’s largest companies.
So far this year, 29% of stocks in the S&P 500 experienced more volatile price swings than the digital currency, while 22% did the same over a 90-day period, Van Eck said.
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The research is remarkable, given that Van Eck’s top offerings are largely expressed in an asset class long considered a competitor to Bitcoin: gold.
Of the nearly $ 50 billion in assets managed by Van Eck, most are related to gold funds, and the company founded both the first gold stock fund in 1968 (INIVX) and the first gold miners ETF, now wildly popular, in 2006 (GDX).
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Yet despite his emphasis on gold bullion, Van Eck was never fearful in exploring Bitcoin. The company is currently offering a publicly traded Bitcoin product to institutional investors, and previously submitted requests to the SEC to offer a Bitcoin ETF.
The company also recently issued a report in which it claims that institutional investors should consider having Bitcoin on their ledgers.
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Perhaps, given the regulatory hurdles Van Eck encountered during his latest project for a Bitcoin ETF, this latest investigation could be aimed more at allaying SEC fears than at investors, who to date have demonstrated a remarkable appetite for securities. backed by BTC.