
To ETH or not to ETH — is SOL the better diversifier?
Historically, bitcoin has exhibited relatively low correlations with traditional asset classes over full four-year crypto cycles. While those relationships have evolved as cryptocurrencies have become more integrated into financial markets through futures, exchange-traded funds (ETFs) and ETPs, bitcoin has generally maintained diversification characteristics distinct from many traditional assets. The question becomes more complicated when investors move beyond bitcoin. Ether and $SOL are generally less liquid and more volatile than bitcoin. Since the start of 2026, ether and $SOL have exhibited volatility approximately 35% and 44% higher than bitcoin, respectively. Diversification within crypto therefore often increases volatility. Whether that improves diversification…








