ChainCatcher 消息，嘉信理财（Charles Schwab）最新研究显示，即使在投资组合中仅配置 1%–3% 的比特币（BTC）或以太坊（ETH），也会显著影响整体风险特征。
研究指出，比特币和以太坊历史上均出现超过 70% 的跌幅，远高于股票或债券波动水平，因此小额配置也能在市场波动期产生明显影响。嘉信理财提出两种加密资产配置方法：1、传统投资组合理论法：依据预期收益、波动率和相关性分配，但收益假设差异大，预期回报若低于 10%，即便是激进投资者，也难以支撑大额配置。2、风险预算法：根据愿意承担的风险决定加密资产占比，将重点从回报转向风险承受能力，但加密资产波动仍可能超出预期。嘉信理财强调，加密资产属于高波动资产，不适合所有投资者，投资者需结合风险承受能力、投资期限和资产熟悉度谨慎配置，同时注意流动性、盗窃及欺诈等风险。
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