How volatile is Bitcoin?

Bitcoin’s once-wild swings are lessening, with volatility in 2025 approaching levels comparable to those of the S&P 500. From an annualized volatility of 181% in 2013 to just 23% in 2025, Bitcoin’s price has grown calmer… We break down why volatility is falling, what could cause it to rise, and where risk still hides.

Helium: Solana’s already powering real-world use cases

Helium Network is reshaping internet connectivity. Powered by Solana’s blockchain, turning individuals’ phones (and hotspots) into wireless providers through decentralized hotspots. With over 450,000 mobile subscribers and a landmark AT&T partnership, Helium proves Solana’s ability to power scalable, real-world applications beyond finance and trading.

Want pure-play Solana? DATs not the answer

Digital Asset Treasuries (DATs) are drawing investor interest as companies repurpose themselves into crypto proxy stocks by holding Solana. Yet these vehicles carry valuation distortions, operational liabilities, and liquidity risks. With ETFs now available, investors must weigh whether DATs still justify their premiums over direct, regulated Solana exposure.

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.