Spot Bitcoin exchange-traded funds (ETFs) in america are heading for a record-breaking month, serving to push Bitcoin to new all-time highs amid rising institutional demand.
The US-listed spot Bitcoin (BTC) ETFs recorded greater than $1.5 billion in mixed inflows over a two-day interval, with $608 million on Could 21 and $934 million on Could 22, in line with information from Sosovalue.
A repeat efficiency of the previous two days’ inflows would see month-to-month inflows surge to $6.68 billion, surpassing the month-to-month report of $6.49 billion from November 2024.
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ETF inflows helped Bitcoin rise to a brand new all-time excessive of $112,000 on Could 22 earlier than retracing to above $110,700 on Could 23, up over 19% previously week, TradingView information reveals.
The “sturdy” ETF inflows and Bitcoin’s rise to new all-time highs sign rising institutional demand and rising realized earnings “with out elevated promote strain,” Nexo dispatch editor Stella Zlatareva advised Cointelegraph.
“Institutional inflows, company steadiness sheet strikes, and macro dislocation converge into a transparent message: Bitcoin is not the choice — it’s changing into the benchmark,” she added.
Latest surges in ETF demand coincided with $1 billion price of Bitcoin being withdrawn from Coinbase on Could 9 — a transfer analysts view as a sign of accelerating institutional urge for food.
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Institutional inflows to push Bitcoin to $200,000 in 2025
The “structural” inflows from establishments might assist Bitcoin surpass the $200,000 “base case” earlier than the top of 2025, in line with Bitwise’s head of European analysis, André Dragosch.
“So the bottom case is $200,000, conditional on the US authorities not stepping in. In the event that they step in, it’s going to transfer nearer towards $500,000,” Dragosch advised Cointelegraph, referring to the US authorities’s proposition to make direct Bitcoin acquisitions by way of “budget-neutral” methods.
Bitwise’s “in-house prediction” for 2029 is a $1 million Bitcoin value goal, as Bitcoin’s market cap will surpass the market capitalization of gold, because the main safe-haven asset, Dragosch defined.
Nevertheless, gold’s $22.3 trillion market capitalization remains to be over 10 instances bigger than Bitcoin’s $2.2 trillion, which makes BTC the world’s fifth-largest asset, in line with CompaniesMarketCap information.
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