Despite the relative tepid movement within the crypto market since Bitcoin hit a latest all-time high (ATH) in March, Bitcoin, Ethereum, and Solana have continued to top traditional assets, including Gold. This was highlighted in a recent report that showed how crypto assets have provided one of the best returns for some time now. 

Bitcoin, Ethereum, And Solana Outperform Traditional Assets

Raoul Pal, Co-Founding father of Exponential Age Asset Management (EXPAAM), shared the crypto investment firm’s latest monthly update, showing annualized returns on all major assets.

Related Reading

Bitcoin, Ethereum, and Solana have topped traditional assets with annualized returns of 141%, 152%, and 224%, respectively. For context, NDX, one of the best major traditional asset, boasts an annualized return of 17%. 

Source: x

Because of this, these crypto assets have been the best-performing assets in 11 of the last 14 years. These digital assets also look on the right track to outperform traditional assets again this yr, as they boast higher year-to-date (YTD) gains. Data from CoinMarketCap shows that Bitcoin, Ethereum, and Solana currently have YTD gains of over 67%, 66% and 70%, respectively. 

However, Gold, the best-performing non-crypto asset this yr, has a YTD gain of 13%. The NDX boasts a YTD gain of 10%, while the SPY has recorded a YTD gain of 11%. Interestingly, while the volatility of crypto assets has been criticized at times, this has largely contributed to why they’ve continued outperforming traditional assets. 

The Director of Global Macro at Fidelity Investments, Jurrien Timmer, previously highlighted how Bitcoin has continued to record one of the best risk-reward since 2020. He also alluded to Bitcoin’s high volatility, stating that Bitcoin’s huge drawdowns have also include large gains. The identical may also said about crypto tokens, especially considering that a token like Solana, which dropped to as little as $10 in late 2022, is now trading above $170. 

More Gains Ahead For BTC, ETH, SOL

Bitcoin, Ethereum, and Solana are expected to record more YTD gains because the yr progresses, on condition that the crypto market is currently in a bull run. Recent developments within the crypto market also paint a bullish outlook for these crypto tokens. One is the increased demand for the Spot Bitcoin ETFs. Data from Farside Investors showed that these funds recorded net inflows of $886.6 million on June 4, their best day since March. 

Related Reading

Meanwhile, the Spot Ethereum ETFs are expected to start trading by July. Crypto analysts like Michael van de Poppe predict these funds could spark a major rally for Ethereum and other altcoins. ‘Solana Summer’ also looks to be on the horizon, with the crypto token showing signs of imminent parabolic upward trend. 

On the time of writing, Bitcoin has broken above the $70,000 resistance level and is trading at around $71,000, up almost 3% within the last 24 hours, in keeping with data from CoinMarketCap. 

BTC price crosses $70,000 | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com