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 surged up to an all-time record on Friday. It briefly topped $118,800 at Coinbase 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 is outperforming the benchmark index by a wide margin. Its performance in comparison to major tech companies like Nvidia (NVDA), Tesla(TSLA) or Netflix(NFLX) are also impressive.
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
ETFs invest in Bitcoin, not stocks.
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 combined total of 1,264 976 BTC valued at $148.6 Billion. dataThe total Bitcoin supply has increased by over 6%.
State Street’s data shows that in the first half 2025, the strong demand for Bitcoin will help push ETFs of digital assets to become the third largest fund category, after short-term government bonds 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
