BlackRock Bitcoin ETF Surpasses Vanguard's S&P 500 Fund in Returns
BlackRock's iShares Bitcoin Trust exchange-traded fund has delivered impressive returns since its launch in January 2024. According to Bloomberg data highlighted by Eric Balchunas, a senior ETF analyst, the BlackRock product's cumulative percentage return was only slightly ahead of Vanguard's popular S&P 500 fund.
The BlackRock bitcoin ETF is up 71% since its debut in January 2024, while Vanguard's S&P 500 ETF has gained 66% on a total-return basis. Eric Balchunas described the path to 70% for the BlackRock product as 'the El Toro roller coaster'.