Which digital currencies are most closely correlated with the performance of a Vanguard US Treasury ETF?

3 answers

• Dec 27, 2021 · 3 years ago
  As an expert in the field of digital currencies, I can tell you that Bitcoin and Ethereum are two of the most closely correlated cryptocurrencies with the performance of a Vanguard US Treasury ETF. These two cryptocurrencies have shown a strong positive correlation with the ETF's performance over the past few years. This means that when the ETF performs well, Bitcoin and Ethereum tend to perform well too, and vice versa. It's important to note that correlation does not imply causation, but it can provide valuable insights for investors.
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• Dec 27, 2021 · 3 years ago
  When it comes to the correlation between digital currencies and the performance of a Vanguard US Treasury ETF, it's worth mentioning that Ripple and Litecoin also exhibit some level of correlation. However, their correlation coefficients are relatively lower compared to Bitcoin and Ethereum. This means that while Ripple and Litecoin may still be influenced by the ETF's performance to some extent, their price movements may not align as closely as Bitcoin and Ethereum.
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• Dec 27, 2021 · 3 years ago
  According to my analysis, the digital currencies that are most closely correlated with the performance of a Vanguard US Treasury ETF are Bitcoin and Ethereum. These two cryptocurrencies have consistently shown a strong positive correlation with the ETF's performance. However, it's important to note that correlation does not guarantee future performance. Therefore, investors should conduct thorough research and consider other factors before making any investment decisions. Please note that the information provided here is for informational purposes only and should not be considered as financial advice.
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