[Bloomberg Analyst: Bitcoin Volatility Converging with Gold, IBIT Significantly Outperforms U.S. Stocks] Bloomberg Senior ETF Analyst Eric Balchunas posted on the X platform, noting that Bitcoin's volatility and correlation are increasingly approaching gold levels. This trend has been significantly underestimated during the current market correction and could be a positive signal amid recent market turbulence. Despite the highly volatile market environment, BlackRock's Bitcoin Spot ETF (IBIT) has continued to outperform U.S. stocks since the escalation of the Iran conflict. Since the approval of BlackRock's ETF, it has delivered more than double the excess returns compared to the S&P 500 ETF (SPY). Eric Balchunas added that based on a comparison of the 60-day historical volatility between IBIT and the Gold ETF (GLD) since its launch, Bitcoin's volatility structure is gradually aligning with gold, indicating that its asset characteristics may be undergoing a transformation.