BlackRock's Bitcoin ETF Or Invesco QQQ, Which $1,000 Investment Made A Year Ago Would Have Netted You More Profit?

The Invesco QQQ Trust (NASDAQ: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

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.

Now suppose you were persuaded by the growing hoopla around the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), at the time, and chose to gain exposure through the newly launched BlackRock’s iShares Bitcoin Trust ETF (NASDAQ: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

Read Next: 

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.