Bitcoin volatility has dropped to 38%, approaching blue-chip stocks such as Goldman Sachs. Bitwise executives believe that Ethereum is entering a risk-averse period.

According to Bloomberg, with the influx of buy-and-hold investors on Wall Street, Bitcoin's annualized volatility has dropped from nearly 200% more than a decade ago to 38%, comparable to blue-chip stocks such as Starbucks or Goldman Sachs. At the same time, Ethereum ETF trading volume has matched or even exceeded Bitcoin on some trading days this month. Since August, Ethereum ETF has attracted $2.5 billion in inflows, while Bitcoin products have seen a net outflow of $1.3 billion. Arthur Azizov of B2 Ventures, a venture capital firm focusing on early-stage investments, expects Ethereum prices to consolidate between $3,900 and $4,400, while Bradley Duke, head of Bitwise Europe, said Ethereum is entering a risk-averse mood, with some funds preparing for a pullback, while not ruling out the possibility of a short squeeze. Current market attention is focused on Federal Reserve Chairman Powell's speech at the Jackson Hole seminar.