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Software and Bitcoin correlation has faded, Caleb Franzen notes
Caleb Franzen reflects on the evolving relationship between software stocks and Bitcoin.
He states that in mid-February, there was widespread discussion about a correlation between software and Bitcoin, a topic he began highlighting in 2021 and 2022. Franzen now considers that correlation to be no longer relevant for the time being.
Franzen has previously commented on sector performance, noting that financial stocks have been in a downtrend and have lagged the S&P 500 index. In a separate post, he reported that BlackRock clients independently sold $190 million in IBIT ETF holdings. His coverage often focuses on distinct investment trends and asset flows.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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