Bitcoin Soars to New All-Time High as Institutional Demand Fuels $609M ETF Inflows

Spot Bitcoin ETFs have recorded $609 million in net inflows, marking six consecutive days of positive momentum. BlackRock’s IBIT led the charge with a single-day influx of $530.6 million, while total trading volume across 12 U.S.-listed funds surged to $7.64 billion—the highest since February. Bitcoin’s price trajectory mirrored this institutional demand, breaching $111,000 to set a new all-time high. As of now, BTC is trading at 110,925.58 USDT, showcasing the growing confidence in digital assets as a cornerstone of modern finance.

Spot Bitcoin ETFs See $609M Inflows as BTC Hits $111K High

Spot bitcoin ETFs recorded $609 million in net inflows on Wednesday, marking six consecutive days of positive momentum. BlackRock’s IBIT dominated with a single-day influx of $530.6 million, while total trading volume across 12 U.S.-listed funds surged to $7.64 billion—the highest since February.

Bitcoin’s price trajectory mirrored institutional demand, breaching $111,000 to set a new all-time high. The rally coincided with broader crypto market strength, though ETF flows were only one driver of the ascent. Market participation expanded as BTC decisively cleared the $109,000 resistance level earlier in the week.

Bitcoin Trading Volume Soars as Price Pumps to New Heights

Bitcoin futures trading volume surged to over $203 billion on Wednesday, marking the third-highest daily total in 2025. Spot trading volume followed suit, reaching $150 billion over two days—the strongest activity in nearly two months.

The rally coincided with Bitcoin’s ascent to a record high NEAR $112,000 on Thursday, underscoring renewed institutional and retail interest. Derivatives markets mirrored the momentum, with aggregated futures open interest climbing alongside price discovery.

Bitcoin Nears Total Supply Profitability as Institutional Demand Fuels Rally

Bitcoin’s supply has reached near-total profitability, with 99.82% of circulating coins now valued above their cost basis as of May 21. This marks a dramatic recovery from April’s low of 74.37%, according to Checkonchain data. The short-term holder cohort experienced even wilder swings—collapsing to just 2.07% profitability during April’s drawdown before rebounding to 98.51%.

While such volatility typically signals retail speculation, this rally appears driven by institutional forces. Spot Bitcoin ETFs have absorbed over $8.4 billion since January, creating structural demand that differs fundamentally from previous cycles. Derivatives activity and ETF flows now serve as the market’s primary price discovery mechanism, displacing the retail-dominated dynamics of past bull runs.

Bitcoin Hits New All-Time High, Analyst Says Market Still Not Overheated

Bitcoin surged past $111,800 on May 22, setting its second all-time high in just 24 hours after previously hitting $109,800 on May 21. This sharp rise pushed the world’s largest cryptocurrency up by over 4% in a single day. Since the start of 2025, Bitcoin has gained 19%, keeping bullish investors hopeful and attracting fresh capital into the market.

Analysts remain divided on future price trajectories. Titan of crypto projects a target range of $135,000 to $140,000, while van Lagen offers a more aggressive forecast of up to $320,000. Despite the record-breaking performance, CryptoQuant analyst Crypto Dan suggests the market remains stable, citing low funding rates and limited short-term investor activity as indicators against overheating.

Michigan Introduces Groundbreaking Crypto Legislation with Four New Bills

Michigan is positioning itself as an unlikely pioneer in crypto regulation with a legislative package that could redefine local government engagement with digital assets. Four new bills aim to integrate cryptocurrency into the state’s financial and environmental frameworks, including provisions for public pension investments in Bitcoin and repurposing abandoned oil fields for mining operations.

House Bill 4510 stands out by proposing to allow Michigan’s public retirement systems to allocate funds to Bitcoin. This MOVE could open the floodgates for institutional adoption, offering teachers, first responders, and other public employees exposure to digital assets through their pensions.

The legislation also draws a clear boundary against government-controlled digital currencies, emphasizing decentralized alternatives. If enacted, Michigan’s approach may serve as a model for other states navigating the complex intersection of cryptocurrency and public policy.