#BTC Hits $110,000 Bitcoin (BTC) recently surged past the $110,000 mark, reaching unprecedented highs driven by a confluence of institutional, regulatory, and macroeconomic factors. Below is a detailed breakdown of the key drivers and implications:
### 1. **Institutional Demand and ETF Inflows**
- **Spot Bitcoin ETFs** have absorbed supply at a record pace, with BlackRock’s iShares Bitcoin Trust (IBIT) logging 20 consecutive days of inflows and total ETF inflows exceeding $3 billion in May alone .
- Major financial institutions like JPMorgan Chase and Morgan Stanley are now offering crypt