Bitcoin beats the S&P 500 on most trading days but still loses the month
BTC when published $81,372Now $80,601 ▼ −0.95% since it was published
Bitcoin's relative win rate against the S&P 500 recovered above 50% in recent sessions, up from about one session in five in June, its weakest stretch in roughly six years, according to Glassnode. Coinbase Institutional's Oct. 23 report found BlackRock's IBIT drawing about $6 billion since Aug. 1 against roughly $500 million across all other US spot Bitcoin ETFs, a 92% share of net inflows. Farside Investors’ data extended through Oct. 26 puts the share at 96.3%. A date-matched calculation for October through Oct. 26 shows Bitcoin beating the S&P 500 on 10 of 18 sessions (55.6%). Bitcoin fell 4.25% over the same stretch, and the S&P rose 0.33%, a 4.58% gap in stocks' favor.
First reported by CryptoSlate. This page is a short excerpt; the full text is theirs.
