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How Did Bitcoin ETFs Secure $1.2 Billion in One Week? Discover the Corporate Buying Frenzy Behind the Surge!
In the latest bitcoin news, Bitcoin treasury companies have made a significant move by adding $1.2 billion in BTC to their reserves last week. This influx has coincided with analysts suggesting that Bitcoin’s new all-time high is largely attributed to the growing popularity of Bitcoin ETFs. Notably, Metaplanet led the charge by purchasing 5,258 Bitcoins on Wednesday, while Strategy continued its accumulation spree with an additional 196 Bitcoins.
Despite the contributions from Bitcoin treasury companies, the primary catalyst behind Bitcoin’s recent rally—pushing prices above $125,000—has been the remarkable inflow into spot Bitcoin ETFs, which totaled $3.24 billion last week. This surge in demand has analysts forecasting positive trends for altcoins like Bitcoin Hyper ($HYPER), which are fundamentally linked to Bitcoin’s performance in the market.
Why is Bitcoin’s Price Spiking?
The price of Bitcoin is soaring due to a combination of increasing distrust in the U.S. dollar and a heightened demand for Bitcoin as a store of value. The U.S. dollar has suffered its worst first half of the year since 1973, prompting investors to seek alternative assets that are not tied to the dollar. As a result, Bitcoin has nearly doubled in value over the past year.
ETFs are playing a pivotal role in this price surge amid a contracting Bitcoin supply. As of August 11 this year, crypto ETFs had accumulated a staggering $29.4 billion in inflows. Last week marked the second-best week for Bitcoin ETFs, following November 2024’s record-breaking $6.2 billion in inflows. According to financial research firm River, demand is rapidly outpacing supply for Bitcoin. By 2025, ETFs are projected to acquire an average of 1,430 BTC daily. Currently, ETFs hold over 1.5 million Bitcoin, with industry leader Strategy controlling approximately 3% of the total global Bitcoin supply.
The positive inflows into Bitcoin are beneficial for the broader crypto ecosystem, as capital tends to flow down into other altcoins over time. This trend is particularly encouraging for projects like Bitcoin Hyper ($HYPER), which is betting on the sustained value of the Bitcoin network.
Bitcoin Hyper—A Layer-2 Solution Enhancing the Bitcoin Network
Bitcoin Hyper is the official token for a project that aims to enhance the Bitcoin network through a Layer-2 solution powered by a Solana Virtual Machine (SVM). As institutional interest in Bitcoin continues to grow, it remains one of the most attractive investment options in the cryptocurrency market. Nevertheless, Bitcoin’s practical use in daily transactions has been hampered by its slow clearing speeds and high transaction costs.
This challenge arises from the Bitcoin network’s limited capacity, processing only 7-10 transactions per second. Bitcoin Hyper addresses this issue by employing an SVM-powered Layer 2 solution capable of handling thousands of transactions per second while also supporting decentralized applications (dApps). Whether users wish to trade NFTs, swap cryptocurrencies, or engage with DeFi applications, Bitcoin Hyper efficiently manages all transactions while allowing users to retain their Bitcoin for long-term appreciation.
The transfer of Bitcoin between the Layer 1 and Layer 2 networks is facilitated by a Canonical Bridge. When users send their Bitcoin to a Layer 1 address, it is securely held in custody while an equivalent amount of wrapped Bitcoin is minted on Layer 2. The utility token $HYPER plays a critical role in this ecosystem. Utilizing $HYPER reduces transaction fees associated with crypto swaps and smart contract executions, maximizing the value of Bitcoin holdings. Furthermore, holding $HYPER grants access to the Bitcoin Hyper DAO, enabling users to vote on the project’s future direction.
Currently, the Bitcoin Hyper presale has attracted over $21.7 million in token purchases, raising the price to $0.013065. Investors can still participate and earn up to 55% in annual staking rewards, but this dynamic presale will not last indefinitely.
To learn more about the evolving landscape of cryptocurrency, explore our crypto section. For those looking to invest, consider using this referral link to Binance for secure trading options.
As always, remember that all crypto products are subject to volatility. Conduct thorough research before making any investment and only invest what you can afford to lose. This article is not financial advice.
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