The US stock market’s V-shaped recovery since April has driven the S&P 500 Index to record highs — yet measured in Bitcoin, the benchmark is still down significantly this year, underscoring the digital asset’s strong outperformance.
On Thursday, the S&P 500 Index closed at a record high of 6,280.46, extending its year-to-date gain to 7%. But when measured by Bitcoin (BTCAccording to The Kobeissi letter, a market analyst and commentator, the index of large companies has fallen 15% in 2025.
Citing data from Bitbo, The Kobeissi Letter also pointed out that the S&P 500 has dropped a staggering 99.98% against Bitcoin since 2012.
Bitcoin price soared on Friday to an all-time record, briefly exceeding $118,800 at Coinbase. This is according to Cointelegraph Markets Pro. BTC is up 5.5% over the last 24 hours and 9% in the last seven days. It has also gained 24% this year.
Bitcoin’s performance has outperformed major stocks such as Nvidia, Tesla and Netflix.
Charlie Bilello is an analyst who has highlighted Bitcoin’s spectacular rise during the past decade, compared to other assets. He highlights BTC’s outstanding outperformance.
Related: Bitcoin price expected to accelerate if daily close above $113K is secured
ETF investors pour money into Bitcoin in 2025
Bitcoin’s rally to a record high this year was fueled by institutional demand. Investors poured money into BTC Spot exchange-traded fund (ETFs), alongside traditional equity funds.
According to Bitbo, as of Friday the twelve US Bitcoin spot ETFs had a total combined value of $148.6 BTC, or 1,264,976 BTC. dataOver 6% of Bitcoins’ total supply is represented by.
State Street Data shows that by 2025 the demand for digital asset ETFs will be the third most popular fund category in terms of new investments, only behind short-term debt from governments and gold.
Bitcoin ETFs in the US saw a significant increase Thursday. second-largest daily inflow on recordThe total revenue is $1.17 billion.
Related: Ego Death Capital raises $100M to finance Bitcoin-focused startups
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Source: cointelegraph.com
