[Bitcoin Volatility Continues to Decline, This Cycle About Two-Thirds of the Previous One] Schwab's Head of Crypto Research, Jim Ferraioli, stated at the DACFP event that the annualized volatility of Bitcoin in this cycle is approximately 40, compared to 60 in the previous cycle and 80 in the one before that, indicating a decline in Bitcoin's volatility with each cycle. He noted that amidst the current strong performance of AI and U.S. stocks, Bitcoin has been relatively 'calmer.' Ferraioli also revealed that about 20% of spot Bitcoin ETF assets come from Schwab clients.