In fact, Ethereum’s native token ether, Japan’s TOPIX index, and the S&P GSCI Energy Index are the only non-fixed income growth-sensitive investments with return to volatility ratios lower than bitcoin, the chart from Goldman’s Oct. 7 note titled “Oil on the boil” shows.


 
															 Bitcoin
Bitcoin  Ethereum
Ethereum  Tether
Tether  XRP
XRP  BNB
BNB  USDC
USDC  Lido Staked Ether
Lido Staked Ether  Dogecoin
Dogecoin  TRON
TRON  Cardano
Cardano  Wrapped stETH
Wrapped stETH  Wrapped Bitcoin
Wrapped Bitcoin  Wrapped Beacon ETH
Wrapped Beacon ETH  Chainlink
Chainlink  Hyperliquid
Hyperliquid  Bitcoin Cash
Bitcoin Cash  Wrapped eETH
Wrapped eETH  Stellar
Stellar  Ethena USDe
Ethena USDe  USDS
USDS  Binance Bridged USDT (BNB Smart Chain)
Binance Bridged USDT (BNB Smart Chain)  LEO Token
LEO Token  Sui
Sui  WETH
WETH  Hedera
Hedera  Avalanche
Avalanche  Coinbase Wrapped BTC
Coinbase Wrapped BTC  Litecoin
Litecoin  WhiteBIT Coin
WhiteBIT Coin  Zcash
Zcash  Monero
Monero  Shiba Inu
Shiba Inu  Toncoin
Toncoin  USDT0
USDT0  Cronos
Cronos  Ethena Staked USDe
Ethena Staked USDe  Mantle
Mantle  Dai
Dai  Bittensor
Bittensor  Polkadot
Polkadot  MemeCore
MemeCore  World Liberty Financial
World Liberty Financial  sUSDS
sUSDS  Uniswap
Uniswap  Aave
Aave  Bitget Token
Bitget Token  OKB
OKB  USD1
USD1  Ethena
Ethena  BlackRock USD Institutional Digital Liquidity Fund
BlackRock USD Institutional Digital Liquidity Fund