As the landscape of investment diversification expands, the approval of the first spot Bitcoin ETF in the U.S. signals a market evolution, beckoning traditional investors into the crypto realm. But what does data tell us about Bitcoin's correlation with mainstream assets? Glassnode, in collaboration with Coinbase Institutional, sheds light on the pivotal interactions between Bitcoin and various market anchors such as the S&P 500, commodities, and the "fear gauge" VIX throughout 2023. With correlations ranging from strongly positive to intriguingly inverse, savvy investors must understand these dynamicsโespecially when considering one negative correlation that defies typical market trends... Curious to uncover which?
How Bitcoin correlates with traditional assets in the ETF age How Bitcoin correlates with traditional assets in the ETF age
Glassnode and Coinbase Institutional report shows Bitcoin stands its ground as a diversifier among traditional assets.
2 min read
Updated: Jan. 11, 2024 at 7:21 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.