US spot Bitcoin ETFs are on track for a record-breaking month following significant inflows, totaling over $1.5 billion in just two days. On May 21, these ETFs experienced inflows of $608 million, followed by $934 million on May 22. If this trend continues, total inflows could reach $6.68 billion, surpassing the previous monthly record of $6.49 billion set in November 2024. The surge in ETF demand has coincided with Bitcoin reaching a new all-time high of $112,000 on May 22, which has retraced slightly to above $110,700 as of May 23, indicating a more than 19% increase within the week. This uptick in demand signifies growing institutional interest and an absence of increased sell pressure, according to experts. Analysts suggest that Bitcoin's market cap could exceed $200,000 by the end of 2025, contingent upon the US government remaining uninvolved, with projections suggesting it might reach $500,000 if significant government interventions occur. Meanwhile, Bitcoin's current market cap remains significantly lower than gold's $22.3 trillion, highlighting its position as the fifth-largest global asset.

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