Key Takeaways
- S&P 500 is down 15% towards Bitcoin in 2025 regardless of hitting a file excessive.
- US spot Bitcoin ETFs now maintain over 1.26 million BTC, about 6% of complete provide.
- Bitcoin funds account for the overwhelming majority of digital asset ETF inflows within the US.
The S&P 500 Index closed at a file 6,280.46 on Thursday, marking a 7% year-to-date achieve and highlighting a sturdy restoration since April.
Nevertheless, when measured in bitcoin phrases, the S&P 500 is down 15% for 2025, in keeping with market commentator The Kobeissi Letter, citing Bitbo’s chart.
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Since 2012
Since 2012, the S&P 500 has misplaced 99.98% of its worth in comparison with bitcoin, underscoring the digital asset’s long-term outperformance.
Bitcoin itself hit a brand new all-time excessive on Friday, briefly surpassing $118,800 on Coinbase.
Over the past 24 hours, BTC gained 5.5%, up 9% for the week and 24% because the begin of the 12 months.
Analyst Charlie Bilello emphasised bitcoin’s exceptional efficiency towards not simply the S&P 500, but additionally main tech shares like Nvidia and Tesla.
2025 rally
Institutional demand is a key driver behind bitcoin’s 2025 rally.
The 12 US spot bitcoin ETFs now collectively maintain 1,264,976 BTC valued at $148.6 billion, representing over 6% of the overall provide.
This information, reveals that digital asset ETFs rank because the third-largest fund class by inflows within the US this 12 months, trailing solely short-term authorities debt and gold.
On Thursday, US spot bitcoin ETFs noticed their second-largest every day influx ever, with $1.17 billion pouring into funds.
State Avenue information confirms that bitcoin funds dominate the digital belongings ETF market in the US.