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 (BTC), the large-cap index is down 15% so far in 2025, according to market commentator The Kobeissi Letter.
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 surged up to an all-time record on Friday. It briefly topped $118,800 at Coinbase according to Cointelegraph Markets Pro. BTC gained 5.5% within the past 24-hours, 9% in the previous week, and has risen 24% for the year.
Bitcoin’s performance over major tech companies like Nvidia, Tesla and Netflix has also been impressive.
Charlie Bilello is an analyst who has highlighted Bitcoin’s spectacular rise during the last 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.
Bitbo reported that as of last Friday, 12 US Bitcoin ETFs were holding a total 1,264 976 BTC valued at $148.6 Billion. dataThe total Bitcoin supply has increased by over 6%.
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
