Bitcoin Volatility Converging With Gold as BlackRock ETF IBIT Outperforms S&P 500 by Over 2x

GateNews
BTC-0.14%
IBIT0.07%
US5000.04%
According to Bloomberg senior ETF analyst Eric Balchunas, on May 30, Bitcoin's volatility and correlation levels are increasingly converging with gold, a shift he described as underestimated in current market turbulence. BlackRock's Bitcoin spot ETF IBIT has continued to outperform U.S. equities since the ETF's approval, delivering over 2x excess returns compared to S&P 500 ETF (SPY), with 60-day historical volatility data showing Bitcoin's volatility structure aligning with gold ETF (GLD) trends.
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