bitcoin
Bitcoin (BTC) $77,195.00 2.49%
ethereum
Ethereum (ETH) $2,415.23 2.87%
tether
Tether (USDT) $0.999769 0.01%
bnb
BNB (BNB) $679.74 2.03%
xrp
XRP (XRP) $1.36 2.50%
usd-coin
USDC (USDC) $0.999863 0.00%
solana
Solana (SOL) $99.77 4.52%
tron
TRON (TRX) $0.322408 3.40%
staked-ether
Lido Staked Ether (STETH) $2,265.05 3.46%
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Figure Heloc (FIGR_HELOC) $1.01 3.94%

The iShares Bitcoin Trust, managed by BlackRock, has demonstrated superior performance since its launch in January 2024 compared to Vanguard’s widely recognized S&P 500 ETF, as indicated by Bloomberg data.

According to Eric Balchunas, a senior ETF analyst at Bloomberg, the cumulative percentage return of the BlackRock product marginally exceeds that of Vanguard within this timeframe.

Specifically, BlackRock’s Bitcoin ETF has achieved a remarkable 71% increase since its inception, whereas Vanguard’s S&P 500 ETF has risen by 66% on a total-return basis.

The iShares Bitcoin Trust—referred to as IBIT—commenced trading in 2024 following the Securities and Exchange Commission’s approval of 11 spot Bitcoin ETFs, marking a significant shift after a decade of refusals.

Balchunas metaphorically compared IBIT’s volatile growth trajectory to that of the El Toro roller coaster, juxtaposing it with the more stable ascent of Vanguard’s ETF, $VOO.

Currently, U.S. investors have various options for funds that track Bitcoin’s price, managed by firms such as Fidelity, Grayscale, and Morgan Stanley. Nonetheless, BlackRock’s offering stands out as the most prosperous, managing assets totaling $61.4 billion, according to information available on its website.

In comparison, the second-largest Bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund, manages nearly $11 billion in assets.

With over $15 trillion in assets under management, BlackRock’s entry into the cryptocurrency sphere by applying for a spot Bitcoin ETF in 2023 garnered significant attention. This fund has facilitated traditional investors in gaining exposure to Bitcoin while exhibiting more active day-to-day trading than its counterparts.

August saw a resurgence in investor interest toward ETFs, which has positively impacted Bitcoin’s price. From August 17 to 27, over $2.8 billion was funneled into these investment vehicles—the highest influx since October, when Bitcoin reached a new all-time high.

Bitcoin recently surged to a high of $81,281 before experiencing a downturn last Friday.

As of the latest update, the price of Bitcoin stands at $77,539, reflecting a nearly 1% decline in a 24-hour duration.

Over the past two weeks, Bitcoin has embarked on a remarkable ascent—its most significant rally in three years—an increase of nearly 30% within the past month.

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bitcoin
Bitcoin (BTC) $77,195.00 2.49%
ethereum
Ethereum (ETH) $2,415.23 2.87%
tether
Tether (USDT) $0.999769 0.01%
bnb
BNB (BNB) $679.74 2.03%
xrp
XRP (XRP) $1.36 2.50%
usd-coin
USDC (USDC) $0.999863 0.00%
solana
Solana (SOL) $99.77 4.52%
tron
TRON (TRX) $0.322408 3.40%
staked-ether
Lido Staked Ether (STETH) $2,265.05 3.46%
figure-heloc
Figure Heloc (FIGR_HELOC) $1.01 3.94%