Bitcoin ETF sees $434 million outflow, Bitcoin price tests $60,000 support—will Bitcoin experience a super rally?
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According to CoinWorld, due to the weak price performance of bitcoin, institutional investors are reducing risk and shifting funds towards on-chain utility projects, resulting in a net outflow of up to $434 million from US spot bitcoin ETFs. Bitcoin Hyper is capitalizing on this trend, having raised over $31 million during its presale phase. The project integrates the Solana Virtual Machine, aiming to bring high-speed smart contracts to bitcoin and unlock idle bitcoin for use in decentralized finance (DeFi) applications.
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