---
title: Reassessing Bitcoin’s Role under ETF-Driven Institutionalization: A Time-Frequency Connectedness Analysis
url: https://www.ml-quant.com/papers/ssrn/7566372/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-09
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 7566372
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7566372
featured: 2026-10-09
citations: unknown
topic: Crypto & DeFi
---


# Reassessing Bitcoin’s Role under ETF-Driven Institutionalization: A Time-Frequency Connectedness Analysis

The research shows that after U.S. Bitcoin ETF approval in January 2024, return and volatility linkages between Bitcoin and equities strengthened substantially, with volatility spillovers becoming markedly asymmetric from stocks to crypto.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=7566372
- Identifier: SSRN 7566372
- Released: 2026-10-05
- First featured: Quant Letter No. 134 (2026-10-09): https://www.ml-quant.com/issues/2026-10-09/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Crypto & DeFi
- Authors: Yat Ming Eddie Lam

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