S&P 500 · Bitcoin · Bitcoin ETF · Blue Origin · Bitcoin Magazine
U.S. investors now have several funds to choose from to buy shares that track the price of bitcoin managed
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
By comparison, the second biggest bitcoin ETF, the Fidelity Wise Origin Bitcoin Fund, manages nearly $11 billion.
Key facts
- BlackRock’s bitcoin ETF is up 71% since its January 2024 debut, while Vanguard’s S&P 500 ETF up 66% on a total-return basis
- The price of the biggest cryptocurrency recently stood at $77,539, nearly down 1% over a 24-hour period
- BlackRock, which manages over $15 trillion in assets, sent shockwaves through the crypto space after it applied for a spot bitcoin ETF in 2023
- The iShares Bitcoin Trust, IBIT, started trading in 2024 after the Securities and Exchange Commission gave the green light to 11 spot bitcoin ETFs following a decade of denials
Summary
BlackRock’s iShares Bitcoin Trust exchange-traded fund has delivered better returns since its 2024 launch than Vanguard’s popular S&P 500 fund. That’s data highlighted by the firm’s senior ETF analyst, Eric Balchunas, who said that the BlackRock product’s cumulative percentage return was only slightly ahead of Vanguard’s in the time period. BlackRock’s bitcoin ETF is up 71% since its January 2024 debut, while Vanguard’s S&P 500 ETF up 66% on a total-return basis. The iShares Bitcoin Trust, IBIT, started trading in 2024 after the Securities and Exchange Commission gave the green light to 11 spot bitcoin ETFs following a decade of denials. “IBIT’s path to 70% looks like the El Toro roller coaster at Great Adventure (I needed two Advil last time I rode that thing) while $VOO was a walk in the park in comparison,” wrote Balchunas on Tuesday.