What is the correlation between iwm ETF and Bitcoin?

3 answers

• code-rutoSep 30, 2020 · 5 years ago
  The correlation between iwm ETF and Bitcoin is an interesting topic. While iwm ETF is an exchange-traded fund that tracks the performance of the Russell 2000 Index, Bitcoin is a decentralized digital currency. Despite their differences, there have been instances where the price movements of iwm ETF and Bitcoin have shown some correlation. For example, during periods of market uncertainty, both iwm ETF and Bitcoin may experience increased volatility. However, it's important to note that correlation does not imply causation. The factors influencing the price of iwm ETF and Bitcoin are complex and can be influenced by various market forces.
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• Minhaj AhmadJan 12, 2024 · 2 years ago
  The correlation between iwm ETF and Bitcoin is not always straightforward. While some investors may believe that the performance of iwm ETF directly affects the price of Bitcoin, others argue that the two assets have different underlying factors driving their prices. It's worth noting that iwm ETF is primarily influenced by the performance of small-cap stocks in the US market, while Bitcoin's price is influenced by factors such as market demand, adoption, and regulatory developments. Therefore, it's important to consider multiple factors when analyzing the correlation between iwm ETF and Bitcoin.
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• Chandru MApr 18, 2025 · 3 months ago
  As an expert at BYDFi, I can provide some insights into the correlation between iwm ETF and Bitcoin. While there may be instances where the price movements of iwm ETF and Bitcoin show some correlation, it's important to approach this relationship with caution. The factors influencing the price of iwm ETF and Bitcoin are complex and can be influenced by various market forces. It's always recommended to conduct thorough research and analysis before making any investment decisions involving iwm ETF or Bitcoin.
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