June 2, 2025
Bitcoin To Hit 0,000 By 2028, Standard Chartered Says, As ETFs Buy 7M On Monday
 #CriptoNews

Bitcoin To Hit $500,000 By 2028, Standard Chartered Says, As ETFs Buy $667M On Monday #CriptoNews

Financial Insights That Matter

Us spot Bitcoin BTC/USD exchange-traded funds recorded $667.44 million in net inflows on May 19, marking the fourth consecutive day of positive momentum.

Meanwhile, Ethereum ETH/USD ETFs also saw modest gains, with $13.66 million in net inflows and no redemptions across all nine listed products, according to Socal data.

The strong inflows follow a broader institutional trend, backed by Standard Chartered‘s note on Tuesday, which suggests Bitcoin is gaining traction among a more diverse set of buyers despite some near-term headwinds.

While the SEC’s Q1 13F filings showed a slight pullback in direct Bitcoin ETF exposure, driven by Wisconsin’s pension fund liquidating its holdings in BlackRock‘s Go ETF, indirect exposure via Strategy MSTR is reportedly increasing.

Sovereign wealth entities in Norway, Switzerland, and South Korea significantly boosted their MSTR positions, with Saudi Arabia also opening a new stake, a sign of growing institutional appetite for BTC proxies.

Also Read: El Salvador’s Bitcoin Holdings Show $357 Million In Unrealized Profit As Bitcoin Closes At Record Highs

Standard Chartered reiterated its projection that Bitcoin could reach $500,000 before the end of Donald Trump‘s term ends, driven by rebalancing from underweight positions and declining volatility.

On May 19, the bulk of Bitcoin ETF inflows were concentrated in BlackRock’s IBIT product, which added $305.92 million in new capital.

Fidelity‘s FBTC followed with $188 million, while Ark‘s ARKB saw $155 million in inflows.

Ethereum ETF gains were more evenly distributed, with BlackRock’s product leading at $13.6 million.

The total asset value of U.S. Bitcoin ETFs now stands at $124.9 billion, compared to $8.7 billion for Ethereum ETFs.

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