Bitcoin Recovers: Blackrock's Fund Beats Vanguard

Bitcoin Recovers: BlackRock's Bitcoin Fund Surpasses Vanguard S&P 500 ETF Trading Volume

3 December 2025 at 10: 19

Reading time: 3 minutes

Bitcoin Bitcoin (BTC) made a notable comeback on Tuesday, rising around 6% over the past 24 hours after a sharp selloff at the start of the week. This recovery fueled increased activity in crypto-related exchange-traded funds (ETFs), with BlackRock's iShares Bitcoin Trust (IBIT) standing out as one of the most traded ETFs in the United States. IBIT's trading volume reached approximately $3,7 billion, surpassing the Vanguard S&P 500 ETF (VOO), which saw a trading volume of $3,28 billion. This places BlackRock's bitcoin fund among some of the most liquid and widely held ETFs on the market.

The impact of the increased trading volume can be partly attributed to Bitcoin's price recovery, but the surge also followed a significant announcement from Vanguard. This traditional investment fund, which had long been cautious about crypto, announced that it will soon allow Bitcoin ETFs and crypto mutual funds on its trading platform. This marks a significant shift in the sentiment of established financial institutions toward cryptocurrencies.

BlackRock's bitcoin funds have quickly become a cornerstone of the firm's product line, despite being launched less than two years ago. IBIT now has net assets of $66,3 billion, making it the firm's most profitable ETF. This is remarkable, considering BlackRock manages more than 1.400 ETFs with a total of $13,4 trillion in assets under management. It's crucial for investors to recognize that such large institutions not only lend greater legitimacy to the crypto market but also increase its accessibility for retail investors.

On the same Tuesday, other cryptocurrencies also saw significant gains. Ether traded at $3.004,09, up around 7%. XRP and Dogecoin (DOGE) saw similar gains, with each up around 7%. In fact, Cardano’s native token, ADA, led the way with 14% growth. Chainlink’s token, LINK, rose 11% following the launch of a new ETF tied to it on NYSE Arca. This not only points to a broader positive trend within the crypto space, but also the potential for innovative products that could fuel investor interest.

The recovery in bitcoin prices also had a noticeable impact on relevant stocks. Shares of MicroStrategy (MSTR), which traded at over 174.000 BTC The assets held on their balance sheets rose by 6%. Trading platforms Robinhood (HOOD) and Bullish (BLSH), the parent company of CoinDesk, saw increases of 2% and 5%, respectively. Circle (CRLC), the company behind the USDC stablecoin, registered a 4% increase. This demonstrates how the performance of bitcoin and other cryptocurrencies directly impacts the value of related companies.

In contrast, Coinbase (COIN) saw its shares fall 5%. This occurred following a lawsuit filed by a group of shareholders alleging that Coinbase management engaged in a multi-year scheme aimed at selling billions of dollars worth of stock while misleading investors. It's a stark example of the challenges currently facing companies in the crypto sector, despite an overall market recovery.

The situation for bitcoin mining stocks looked less rosy. Despite the broader recovery in the crypto market, bitcoin mining companies performed mostly negatively on Tuesday. Shares of Iren (IREN) fell the most, dropping 15%, followed by Cipher Mining (CIFR) with a 10% drop, and TeraWulf (WULF) with a 7% decline. This highlights that volatility in the mining sector remains a real risk, despite the favorable conditions in the broader crypto market.

Frequently Asked Questions

How did BlackRock's recent conference impact the crypto market?
Vanguard's announcement to allow bitcoin ETFs marks a significant shift in the attitude of traditional financial institutions. This could lead to increased investment interest and legitimacy in the cryptocurrency sector, which could have positive consequences for crypto prices.

Why is Coinbase stock down despite the positive market trend?
Coinbase's share price decline is due to legal challenges, with management accused of misleading investors, undermining shareholder confidence. This is a common risk in the still-evolving crypto industry.

What can investors expect from bitcoin mining stocks?
While the broader crypto market is recovering, bitcoin mining stocks remain under pressure due to operational challenges and high costs. Investors should exercise caution and conduct thorough due diligence, as these companies remain vulnerable to both crypto price fluctuations and market dynamics.

Share this article:

Disclaimer: The information on Block 9 is for general informational and educational purposes only. While we strive to provide up-to-date, correct and relevant content, we make no warranties as to the completeness, accuracy or reliability of the information provided. All content on this website, including articles, analyses, opinions and other publications, is for general information purposes only and does not constitute professional or legal advice in any way, including but not limited to financial, investment or tax advice.

Block 9 makes no guarantees or representations as to any possible results or returns that may arise from the use of information on this website. Nothing on this website should be interpreted as a recommendation to buy, sell or hold any particular asset, including but not limited to cryptocurrencies, tokens or other financial instruments.

The opinions and views expressed in contributions by editors, external authors or community members are strictly personal and do not necessarily represent the views or policies of Block 9 as a platform. Block 9 accepts no liability for any loss or damage – direct or indirect – resulting from the use of (or reliance on) the information published on this website.

Investing in cryptocurrencies and other digital assets involves significant risks. The value of such assets can fluctuate significantly, and there is a chance that you could lose (some of) your investment. We strongly recommend that you always do your own research (DYOR) and seek independent advice from a qualified financial advisor before making any financial decisions. By using this website, you agree to this disclaimer and accept that Block 9 is not responsible for your investment choices or the results thereof.