On Friday, investment management company Van Eck released new research showing that price movements in bitcoin are less volatile than a quarter to a third of S&P 500 shares.

In a blog post, the German exchange-traded product exporter said that while Bitcoin has long been seen as “an emerging and volatile asset outside traditional stock and capital markets,” reality shows that the world’s biggest swing in cryptocurrency trading is similar to a number of the biggest companies. In the world.

From the beginning of the year to today, 29% of S&P 500 shares experienced more volatile price fluctuations than cryptocurrency, and 22% in 90 days, according to Van Eck.

The study is remarkable given that Van Eck’s flagship offering is highly concentrated in an asset class that has long been considered Bitcoin’s rival: gold.

Of the $ 50 billion in Van Eck assets under management, the vast majority are in gold funds, and the company created its first gold capital fund in 1968 (INIVX), and the first hugely popular gold mine ETF in 2006 (GDX).

Despite his investment focus, Van Eck has never been shy about learning Bitcoin. The company currently offers institutional investors a product traded on the bitcoin exchange and has previously sent requests to the SEC to offer a bitcoin ETF.

The company recently released a report arguing that institutional investors should consider including bitcoin in their books.

Perhaps given the regulatory hurdles that Van Eek faced during his recent Bitcoin ETF project, this latest study could be aimed at allaying SEC concerns more than those of investors who have so far shown a noticeable appetite for value. BTC-backed securities.

Source: CoinTelegraph