According to Eric Balchunas, although IBIT set unprecedented records in its initial year, VOO remains significantly larger, being 10 times the size and generating 5 times more daily cash flow. This suggests that for IBIT to surpass VOO, the U.S. stock market would need to experience a stagnant or negative period while Bitcoin gains significant value.

According to @intotheblock, Bitcoin's ($BTC) correlation with U.S. stocks has reached a two-year high this week, a level previously surpassed only in the second quarter of 2022.