Key Takeaways
BlackRock's iShares Bitcoin Trust has outperformed Vanguard's S&P 500 fund since its January 2024 launch, according to Bloomberg data reported by Bitcoin Magazine.
According to reporting by Bitcoin Magazine, BlackRock's iShares Bitcoin Trust exchange-traded fund has delivered higher returns since its 2024 launch than Vanguard's popular S&P 500 fund. Bloomberg data highlighted by senior ETF analyst Eric Balchunas indicates that BlackRock's cumulative percentage return sits slightly ahead. Specifically, the BlackRock bitcoin ETF is up 71% since its January 2024 debut, while the Vanguard S&P 500 ETF is up 66% on a total-return basis.
Balchunas noted that while IBIT's path reached 70%, its trajectory was far more volatile compared to the steady performance of VOO. The iShares Bitcoin Trust began trading in 2024 following approval from the Securities and Exchange Commission alongside 11 other spot bitcoin ETFs. U.S. investors now utilize funds managed by firms like Fidelity, Grayscale, and Morgan Stanley, but BlackRock's product remains the largest, managing $61.4 billion in assets. Meanwhile, the Fidelity Wise Origin Bitcoin Fund manages nearly $11 billion. BlackRock manages over $15 trillion in assets globally. August saw heavy inflows into these vehicles, contributing to recent price movements where bitcoin reached as high as $81,281 before trading around $77,539.
Source & Fact-Check Note
This report is synthesized from coverage by Bitcoin Magazine. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at Bitcoin Magazine ↗
