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 continues to be down considerably this 12 months, underscoring the digital asset’s sturdy outperformance.
On Thursday, the S&P 500 Index closed at a document excessive of 6,280.46, extending its year-to-date acquire to 7%. Nonetheless, when measured in Bitcoin (BTC), the large-cap index is down 15% to this point in 2025, in response to market commentator The Kobeissi Letter.
Citing knowledge from Bitbo, The Kobeissi Letter additionally identified that the S&P 500 has dropped a staggering 99.98% towards Bitcoin since 2012.
Bitcoin’s worth surged to a brand new all-time excessive on Friday, briefly topping $118,800 on Coinbase, in response to Cointelegraph Markets Professional. BTC has gained 5.5% previously 24 hours, 9% during the last week and is up 24% to this point 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 belongings, underscoring BTC’s standout outperformance.
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Bitcoin’s document rally this 12 months has been fueled partly 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 value $148.6 billion, in response to Bitbo knowledge, representing over 6% of Bitcoin’s complete provide.
Within the first half of 2025, sturdy 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 response to State Road knowledge.
On Thursday, US spot Bitcoin ETFs noticed their second-largest each day influx on document, bringing in a complete of $1.17 billion.
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