US spot Bitcoin exchange-traded funds (ETFs) are heading towards a record-breaking month, having recorded over $1.5 billion in inflows in just two days. Following inflows of $608 million on May 21 and $934 million on May 22, total inflows for May could potentially reach $6.68 billion, surpassing the previous record of $6.49 billion from November 2024. This rise in inflows has contributed to Bitcoin reaching a new all-time high of $112,000 on May 22, slightly retracing to above $110,700 by May 23. Analysts attribute this surge in demand to growing institutional interest and profitable conditions in the market, indicating that Bitcoin is transitioning from being an alternative asset to becoming a benchmark. Experts suggest that continued institutional inflows could position Bitcoin to reach the $200,000 mark by the end of 2025, with potential projections going as high as $500,000 depending on regulatory developments. Bitcoin currently holds the status of the fifth-largest asset globally, with its market capitalization at approximately $2.2 trillion, still significantly smaller than gold's $22.3 trillion market cap.

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