Ah, the grand American stock market, like a dramatic actor on a stage, performed a V-shaped pirouette since April, sending the S&P 500 Index to dizzying new heights — yet, when measured in the curious and elusive Bitcoin, our beloved benchmark remains humbled, bowing down with a respectable limp this year. Oh, the digital asset’s performance! A true comedy of contrasts! 😂
Last Thursday, in a spectacle worthy of a Gogolian farce, the S&P 500 closed triumphantly at 6,280.46 points, parading a year-to-date gain of 7%. But hark! When tallied in the mystical currency of Bitcoin (BTC), this titan of finance has stumbled by 15% in 2025, as noted by the ever-wise market oracle known as The Kobeissi Letter.
With data from the cryptic Bitbo, The Kobeissi Letter grimly reveals that since 2012, the S&P 500 has been vanishing against Bitcoin like a character in one of my tales—an astonishing 99.98% drop! What a spectacle! A fall from grace fit for the stage. 🎭
Meanwhile, Bitcoin itself danced merrily to a new record, briefly sashaying above $118,800 on Coinbase last Friday, as CryptoMoon Markets Pro cheerfully reports. BTC gained 5.5% in the last 24 hours, 9% in a week, and a hearty 24% so far this year. The digital jesters of the financial world indeed!
Not content to outshine mere stocks, Bitcoin has rivaled the tech titans — Nvidia, Tesla, Netflix — with a flair that would make even the most pompous noble blush. Analyst Charlie Bilello, a modern-day financial jester, lauds BTC’s meteoric rise as nothing short of spectacular, the star of this grand performance.
From stocks to Bitcoin: ETF investors pile into BTC in 2025
And so the plot thickens! The grand institutional investors, once shy spectators, now waltz boldly into the Bitcoin ball, pouring their riches into BTC spot ETFs, hand in hand with their more traditional equity partners.
By Friday’s final curtain, twelve US spot Bitcoin ETFs clutched 1,264,976 BTC — a staggering $148.6 billion — representing over 6% of all Bitcoin coins spinning in this digital carnival, according to Bitbo’s tally.
In the first act of 2025, this overwhelming appetite for Bitcoin vaulted digital asset ETFs to the third-largest fund category by inflows, right after the stodgy old government debt and the ever-glittering gold, as reported by State Street. Oh, what a merry chase!
On Thursday, the Bitcoin ETFs enjoyed their second-largest daily inflow ever — a raucous $1.17 billion storming in like a troupe of enthusiastic jesters demanding applause.
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2025-07-11 21:39