Bitcoin, Ethereum, and Solana Reigns Supreme Over TradFi Assets

Three major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) currently dominate traditional finance assets with stellar annualized returns. 

Bitcoin and Peers Triumphs Over Traditional Assets

As per the latest Exponential Age Asset Management, EXPAAM monthly update shared by Raoul Pal, Co-Founder and CEO of Real Vision on X, crypto assets had an impressive performance.

Notably, these crypto assets based on annualized returns triumphed over traditional finance counterparts. Leading the pack are Bitcoin with a gain of 141% with a cumulative growth of 22,497,039%, Ethereum surged by 152% with a cumulative growth of 404,384%, and Solana rallied by 224% with 10,836%.

Here is the monthly EXPAAM update on annualised returns on all major assets.

Best Major TradFi Asset: NDX at +17% annualised

Major Crypto Assets:

BTC +141% annualised
ETH +152% annualised
SOL +224% annualised#DFTU pic.twitter.com/lptytw3LNW

— Raoul Pal (@RaoulGMI) June 4, 2024

The EXPAAM index which features the best-performing assets in eleven of the last fourteen years reveals U.S. NASDAQ as the first non-crypto asset with a cumulative growth of 823% at 17% annualized. Gold falls into the bottom three assets with a cumulative growth of 55% over the past 14 years and 3% annualized. The other two are U.S. Cash (BIL) and Commodities (DBC) with the lowest returns.

Bitcoin, Ethereum and Solana’s Fundamentals

Some analysts attribute this impressive performance to several key factors. Firstly, the introduction of a spot Bitcoin ETF has spurred significant inflows into the market. Since the launch of these products in the United States, there has been a total inflow of $31.86 billion. This figure excludes Grayscale’s GBTC outflows.

This remarkable performance was driven by inflows attracted by major ETF issuers such as BlackRock and Fidelity.

Secondly, Ethereum received a boost from the Securities and Exchange Commission (SEC) recently via the approval of its spot ETF, further enhancing its market appeal. Beyond the U.S., spot Ethereum ETF got approved in other countries like Hong Kong. Although Thailand just approved spot Bitcoin ETF, speculations are high that spot Ethereum may be next.

Lastly, Solana saw explosive growth driven by the popularity surge of memecoins within its ecosystem. Solana coins rank high in popularity among cryptocurrency users for their consistent gains despite market volatility.

Some of the appealing Solana memecoins include coins like dogwifhat, BONK, Popcat, and many others. These have helped propel the overall performance of the Solana network to being ranked among the top three assets with high annualized returns. 

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