Spot Bitcoin exchange-traded funds (ETFs) in the United States are on track for a historic month, driving Bitcoin to unprecedented all-time highs amid increasing institutional interest.<\/p>\n
The US-listed spot Bitcoin (BTC<\/a>) ETFs observed over $1.5 billion in total inflows across a two-day timeframe, including $608 million on May 21 and $934 million on May 22, according<\/a> to information from Sosovalue.<\/p>\n A similar influx as seen in the previous two days would result in monthly inflows soaring to $6.68 billion, eclipsing the monthly record of $6.49 billion set in November 2024.<\/p>\n Related: <\/strong><\/em>German government missed a $2.3B profit after disposing of Bitcoin at $57K<\/strong><\/em><\/a><\/p>\n ETF inflows contributed to Bitcoin reaching a new all-time high of $112,000 on May 22 before retreating to above $110,700 on May 23, marking a rise of over 19% in the last week, as per<\/a> TradingView data.<\/p>\n The \u201cstrong\u201d ETF inflows along with Bitcoin\u2019s ascent to new<\/a> all-time highs indicate an increasing demand from institutions and rising realized profits \u201cwithout additional selling pressure,\u201d commented Nexo dispatch editor Stella Zlatareva to Cointelegraph.<\/p>\n \u201cInstitutional investments, corporate balance sheet adjustments, and macroeconomic shifts come together to convey a clear message: Bitcoin is no longer merely an alternative \u2014 it\u2019s evolving into the standard,\u201d she further stated.<\/p>\n Recent spikes in ETF demand coincided with $1 billion worth of Bitcoin being drawn from Coinbase<\/a> on May 9 \u2014 a move analysts interpret as an indicator of rising institutional interest.<\/p>\n Related: <\/strong><\/em>Exponential currency dilution: \u2018You don\u2019t hold sufficient crypto, NFTs\u2019<\/strong><\/em><\/a><\/p>\n The \u201cstructural\u201d investments from institutions may enable Bitcoin to exceed the $200,000 \u201cbase case\u201d before the conclusion of 2025, as per Bitwise\u2019s head of European research, Andr\u00e9 Dragosch.<\/p>\n \u201cThus, the base case stands at $200,000, assuming the US government refrains from intervening. Should they step in, it could trend closer to $500,000,\u201d Dragosch informed Cointelegraph, in reference to the US government\u2019s proposal to conduct direct Bitcoin purchases via \u201cbudget-neutral\u201d methods.<\/p>\n Bitwise\u2019s \u201cinternal forecast\u201d for 2029 predicts a $1 million Bitcoin valuation<\/a> target, as Bitcoin\u2019s market valuation will exceed the market cap of gold, recognized as the primary safe-haven asset, Dragosch elucidated.<\/p>\n Nevertheless, gold\u2019s $22.3 trillion market valuation remains over ten times larger than Bitcoin\u2019s $2.2 trillion, positioning BTC as the world\u2019s fifth-largest asset, as indicated<\/a> by CompaniesMarketCap data.<\/p>\nInstitutional inflows to elevate Bitcoin to $200,000 by 2025<\/h2>\n