Over $1.5 Billion in Bitcoin ETFs Inflows in Just Two Days Pushes Bitcoin to New Heights. The U.S. spot Bitcoin ETFs market is witnessing a historic surge, with inflows exceeding $1.5 billion over just two days, signaling renewed and intensified institutional interest in the world’s leading cryptocurrency. According to data from Sosovalue, these inflows – $608 million on May 21 and $934 million on May 22 – have positioned May to potentially become a record-breaking month for ETF investments.
On Track to Break All-Time Monthly ETF Record
If this momentum holds, spot Bitcoin exchange-traded funds in the U.S. are poised to exceed the previous monthly record of $6.49 billion set in November 2024. A repeat of the recent two-day performance would push total May inflows to an estimated $6.68 billion – a new high for the market.
These robust inflows are not just numbers on paper. They have played a key role in Bitcoin’s surge to an all-time high of $112,000 on May 22, before a slight retracement to above $110,700 the following day. This marks a weekly gain of over 19%, according to TradingView data.

ETF Inflows Signal Strong Institutional Confidence
The wave of ETF demand reflects a deeper institutional confidence in Bitcoin as a strategic asset, according to Stella Zlatareva, editor at Nexo Dispatch. “The robust ETF inflows and Bitcoin’s rise to new all-time highs signal growing institutional demand and rising realized profits without increased sell pressure,” she explained in an interview.
Zlatareva also noted a broader shift in market perception: “Institutional inflows, corporate balance sheet moves, and macro dislocation converge into a clear message: Bitcoin is no longer the alternative – it’s becoming the benchmark.”
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$1 Billion Coinbase Withdrawal Signals Growing Institutional Appetite
Further supporting the institutional narrative, $1 billion worth of Bitcoin was withdrawn from Coinbase on May 9, an event that analysts widely interpret as a bullish signal. Such large withdrawals typically indicate long-term holding intentions – a behavior more consistent with institutional strategies than retail trading.
$200,000 Bitcoin in 2025? Analysts Say It’s Possible
Looking ahead, structural inflows from institutions could push Bitcoin toward the $200,000 mark by the end of 2025, according to Bitwise’s head of European research, André Dragosch. “The base case is $200,000, conditional on the US government not stepping in. If they step in, it will move closer toward $500,000,” he noted, referencing discussions around the U.S. government potentially acquiring Bitcoin through “budget-neutral” strategies.
Bitwise’s long-term forecast is even more ambitious: a $1 million Bitcoin price by 2029, as the asset’s market capitalization potentially overtakes gold – historically the world’s leading safe-haven investment.
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Bitcoin Now the Fifth-Largest Asset Globally
Despite these bullish projections, Bitcoin still has a long way to go before challenging gold’s dominance. With a current market cap of approximately $2.2 trillion, Bitcoin ranks as the fifth-largest asset in the world, based on CompaniesMarketCap data. In comparison, gold commands a staggering $22.3 trillion, more than ten times Bitcoin’s market size.
Still, the trajectory is clear. With institutional demand on the rise, regulatory clarity improving, and Bitcoin ETFs providing easier access to the asset class, Bitcoin’s ascent into mainstream finance is accelerating at an unprecedented pace. If current trends continue, Bitcoin’s role as a global financial benchmark may no longer be a matter of “if” – but “when.”