Grayscale Study Shows Bitcoin Volatility Now Within S&P 500 Range

Research from crypto asset manager Grayscale found that Bitcoin's realized volatility has fallen within the distribution of S&P 500 constituents, with many large-cap stocks showing greater price swings. Bitcoin's volatility declined to 43% over the past year, down from an average of 64% over the past 10 years and 81% five years ago, placing it lower than 19% of S&P 500 constituents. Zach Pandl, Grayscale’s head of research, wrote that as the asset matures with deeper liquidity and broader institutional participation, its price swings have narrowed considerably, shifting the focus from whether to own a volatile asset to how to size an allocation.