BlackRock’s Bitcoin ETF Or Invesco QQQ, Which $1,000 Investment Made A Year Ago Would Have Netted You More Profit? – Apple (NASDAQ:AAPL)


The Invesco QQQ Trust QQQ is one of the most popular exchange-traded funds in the world, giving customers exposure to the tech-heavy Nasdaq-100 index. It has over $341 billion in assets under management as of this writing

What happened: Launched in 1999, the ETF holdings are dominated by the “Magnificent 7” tech titans like Apple Inc. AAPL, Nvidia Corp. NVDA, Microsoft Corp. MSFT, and so on, making it an enticing bet for long-term return. 

Exactly a year ago, the ETF traded at $425.71 per share. So, if you had invested $1,000, you could have bought about 2.34 shares of QQQ.

The stock closed at $537.23 during the last trading session, meaning the original investment would have turned $1261.96, reflecting a gain of 26.19% in a year.

See Also: Bitcoin ‘Early In Bull Market,’ Can Compete With Gold ETFs, Blockstream CEO Says

Now suppose you were persuaded by the growing hoopla around the world’s largest cryptocurrency, Bitcoin BTC/USD, at the time, and chose to gain exposure through the newly launched BlackRock’s iShares Bitcoin Trust ETF IBIT.

An investment of $1,000 when IBIT traded at $29.08 a piece a year ago would have fetched you 34.38 shares. At Thursday’s closing price of $56.04, this investment would be worth $1927.09, marking a 92% jump. 

Clearly, investing in a Bitcoin ETF would have resulted in significantly higher returns than QQQ.

IBIT smashed industry records in its debut, accumulating a record $50 billion in AUM within the first year. Currently, the fund has over $56 billion in AUM.

Price Action: Shares of IBIT closed 2.54% lower at $56.04 during Thursday’s regular trading session, according to data from Benzinga Pro. The QQQ ETF closed down 0.42% to 537.23.

Image via Shutterstock

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