What is the correlation between NYSEARCA KOLD and Bitcoin?

3 answers

• Jan 13, 2022 · 3 years ago
  NYSEARCA KOLD is an exchange-traded fund (ETF) that tracks the inverse performance of natural gas futures contracts. It is not directly related to Bitcoin. The price of Bitcoin is influenced by various factors such as market demand, investor sentiment, and macroeconomic conditions. While there may be some indirect correlations between the two assets due to general market trends, there is no direct causal relationship between NYSEARCA KOLD and Bitcoin.
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• Jan 13, 2022 · 3 years ago
  The correlation between NYSEARCA KOLD and Bitcoin is minimal. NYSEARCA KOLD focuses on natural gas futures contracts, while Bitcoin is a decentralized digital currency. The price movements of these two assets are driven by different factors and are not directly linked. It's important to consider the specific characteristics and market dynamics of each asset when analyzing their correlation.
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• Jan 13, 2022 · 3 years ago
  As an expert in the field, I can confirm that there is no significant correlation between NYSEARCA KOLD and Bitcoin. NYSEARCA KOLD is primarily influenced by natural gas prices and market trends, while Bitcoin's price is driven by factors such as supply and demand dynamics, regulatory developments, and investor sentiment. It's crucial to evaluate each asset's unique characteristics and market conditions to understand their correlation accurately.
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