US Bitcoin ETFs near record month after $1.5B inflows in 2 days

8 hours ago

Spot Bitcoin exchange-traded funds (ETFs) successful the United States are heading for a record-breaking month, helping propulsion Bitcoin to caller all-time highs amid rising organization demand.

The US-listed spot Bitcoin (BTC) ETFs recorded much than $1.5 cardinal successful combined inflows implicit a two-day period, with $608 cardinal connected May 21 and $934 cardinal connected May 22, according to information from Sosovalue.

A repetition show of the past 2 days’ inflows would spot monthly inflows surge to $6.68 billion, surpassing the monthly grounds of $6.49 cardinal from November 2024.

ETF inflows helped Bitcoin emergence to a caller all-time precocious of $112,000 connected May 22 earlier retracing to supra $110,700 connected May 23, up implicit 19% successful the past week, TradingView information shows.

The “robust” ETF inflows and Bitcoin’s emergence to new all-time highs awesome increasing organization request and rising realized profits “without accrued merchantability pressure,” Nexo dispatch exertion Stella Zlatareva told Cointelegraph.

“Institutional inflows, firm equilibrium expanse moves, and macro dislocation converge into a wide message: Bitcoin is nary longer the alternate — it’s becoming the benchmark,” she added.

Recent surges successful ETF request coincided with $1 cardinal worthy of Bitcoin being withdrawn from Coinbase connected May 9 — a determination analysts presumption arsenic a awesome of expanding organization appetite.

Institutional inflows to propulsion Bitcoin to $200,000 successful 2025

The “structural” inflows from institutions whitethorn assistance Bitcoin surpass the $200,000 “base case” earlier the extremity of 2025, according to Bitwise’s caput of European research, André Dragosch.

“So the basal lawsuit is $200,000, conditional connected the US authorities not stepping in. If they measurement in, it volition determination person toward $500,000,” Dragosch told Cointelegraph, referring to the US government’s proposition to marque nonstop Bitcoin acquisitions done “budget-neutral” strategies.

Bitwise’s “in-house prediction” for 2029 is simply a $1 cardinal Bitcoin price target, arsenic Bitcoin’s marketplace headdress volition surpass the marketplace capitalization of gold, arsenic the starring safe-haven asset, Dragosch explained.

However, gold’s $22.3 trillion marketplace capitalization is inactive implicit 10 times larger than Bitcoin’s $2.2 trillion, which makes BTC the world’s fifth-largest asset, according to CompaniesMarketCap data.