S&P 500 Index soars to record but drops in Bitcoin terms

Key Points

1. The S&P 500 Index closed at a record high of 6,280.46 in 2025, up 7% year-to-date, but is down 15% when measured in Bitcoin.

2. Since 2012, the S&P 500 has declined 99.98% against Bitcoin, according to market commentator The Kobeissi.

3. Bitcoin surged to a new all-time high of $118,800 on Coinbase, with gains of 5.5% in 24 hours, 9% over the past week, and 24% year-to-date.

4. US spot Bitcoin ETFs held 1,264,976 BTC worth $148.6 billion as of Friday, representing over 6% of Bitcoin's circulating supply.

5. Digital asset ETFs ranked as the third-largest fund category by inflows in the first half of 2025, driven largely by Bitcoin ETF demand.