PANews reported on June 9th that Jim Ferraioli, Head of Crypto Research at Schwab, stated at the DACFP event that Bitcoin's annualized volatility is approximately 40 in this cycle, compared to 60 in the previous cycle and 80 before that, indicating a gradual decrease in Bitcoin volatility over time. He noted that Bitcoin's performance has been relatively "calmer" given the current strong performance of AI and US stocks. Ferraioli also revealed that approximately 20% of the assets in the spot Bitcoin ETF come from Schwab clients.