Bitcoin Lags S&P 500 and Nasdaq Despite Renewed ETF Inflows

BitcoinWorld Bitcoin Lags S&P 500 and Nasdaq Despite Renewed ETF Inflows Bitcoin continues to underperform major U.S. equity indices, including the S&P 500 and Nasdaq, even as spot Bitcoin ETFs recorded renewed inflows in recent weeks.

This divergence highlights a shifting dynamic in institutional investment preferences and raises questions about Bitcoin’s role as a risk asset in the current macroeconomic environment. What’s Driving the Divergence?

The S&P 500 and Nasdaq have posted consistent gains through the first quarter of 2025, driven by strong corporate earnings and optimism around artificial intelligence. In contrast, Bitcoin has struggled to maintain upward momentum, trading in a range below its all-time high.

As of mid-March 2025, Bitcoin is up roughly 10% year-to-date, while the S&P 500 has gained about 15% and the Nasdaq has climbed over 18%.