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During market turbulence, Bitcoin has outperformed the stock market. This year, Bitcoin has increased by over 4%, while the S&P 500 index has fallen by about 3% over the same period. Notably, since then, Bitcoin has risen by approximately 12%, whereas the S&P 500 index has shown little change. Among mainstream cryptocurrencies, XRP has also outperformed the market, growing by 6% this year. In contrast, Ethereum, Solana, and Cardano have all experienced double-digit declines. As of this morning, Bitcoin is quoted at $94,691, down 1.1% in the past 24 hours.

In the first quarter of 2025, BlackRock, the world's largest asset management company, increased its exposure to Bitcoin. According to the latest 13F filings, BlackRock's own spot Bitcoin ETF (IBIT) holdings grew by 124.7% quarter-on-quarter, adding 3.248 million shares, bringing the total holdings to over 5.853 million shares, valued at $274 million. Additionally, BlackRock purchased Bitcoin ETFs from competitors for the first time, including Fidelity's FBTC, Grayscale's GBTC, and GBTC mini. The company also increased its holdings in Bitcoin mining company stocks, including shares of Riot Platforms and MARA Holdings. As of the end of the first quarter, BlackRock's total Bitcoin-related investments reached $5.43 billion, accounting for 0.05% of its $11 trillion assets under management.