BlackRock’s iShares Bitcoin Trust Is Beating Top S&P 500 ETF

Bitcoin Magazine
BlackRock’s iShares Bitcoin Trust Is Beating Top S&P 500 ETF
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 according to Bloomberg 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.
… Continue reading the full article at the original source below.



