The US inventory market’s V-shaped restoration since April has pushed the S&P 500 Index to document highs — but measured in Bitcoin, the benchmark remains to be down considerably this 12 months, underscoring the digital asset’s robust outperformance.
On Thursday, the S&P 500 Index closed at a document excessive of 6,280.46, extending its year-to-date achieve to 7%. Nevertheless, when measured in Bitcoin (BTC), the large-cap index is down 15% thus far in 2025, in keeping with market commentator The Kobeissi Letter.
Citing information from Bitbo, The Kobeissi Letter additionally identified that the S&P 500 has dropped a staggering 99.98% towards Bitcoin since 2012.
Bitcoin’s value surged to a brand new all-time excessive on Friday, briefly topping $118,800 on Coinbase, in keeping with Cointelegraph Markets Professional. BTC has gained 5.5% prior to now 24 hours, 9% over the past week and is up 24% thus far this 12 months.
Though Bitcoin has dramatically outperformed the benchmark inventory index since its inception, its efficiency towards main tech shares like Nvidia (NVDA), Tesla (TSLA) and Netflix (NFLX) has been equally outstanding.
Analyst Charlie Bilello highlighted Bitcoin’s meteoric rise over the previous decade in comparison with these and different property, underscoring BTC’s standout outperformance.
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Bitcoin’s document rally this 12 months has been fueled partially by rising institutional demand, with traders pouring cash into BTC spot exchange-traded funds (ETFs) alongside conventional fairness funds.
As of Friday, the 12 US spot Bitcoin ETFs held a mixed 1,264,976 BTC price $148.6 billion, in keeping with Bitbo data, representing over 6% of Bitcoin’s complete provide.
Within the first half of 2025, robust demand for Bitcoin helped push digital asset ETFs to the third-largest fund class by inflows, behind solely short-term authorities debt and gold, in keeping with State Road information.
On Thursday, US spot Bitcoin ETFs noticed their second-largest daily inflow on record, bringing in a complete of $1.17 billion.
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