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.
According to Cointelegraph Markets Pro, Bitcoin reached a record high of $118.800 briefly on Coinbase on Friday. BTC gained 5.5% within the past day, 9.0% over the previous week, and 24% in this calendar year.
Bitcoin is outperforming the benchmark index by a wide margin. Its performance against other major technology stocks, such as Nvidia (NVDA), Tesla(TSLA) or Netflix (NFLX), has also been impressive.
Charlie Bilello, an analyst at Investopedia, highlighted Bitcoin’s explosive rise in the last decade when compared with these assets and others. This highlights BTC’s 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 (ETF) along with traditional equity funds.
Bitbo reported that as of last Friday, 12 US Bitcoin ETFs were holding a combined total of 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.
The US Bitcoin ETFs have seen their value increase on Thursday. second-largest daily inflow on recordIt brought in $1.17 Billion.
Related: Ego Death Capital raises $100M to finance Bitcoin-focused startups
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Source: cointelegraph.com
