Interesting shift in flows last week.

Capital moved out of the big two, while rotation showed up in selected alts.

BTC spot ETFs saw net outflows of $497.05M

ETH spot ETFs saw net outflows of $643.97M

At the same time, alt exposure quietly picked up.

$SOL spot ETFs recorded $66.55M in net inflows

$XRP spot ETFs recorded $82.04M in net inflows

This does not mean Bitcoin or Ethereum are “done”. It does suggest positioning is changing. When money starts flowing into higher beta assets while majors see redemptions, it usually reflects rising risk appetite under the surface.

Rotation always starts quietly. By the time it becomes obvious, price has already moved.

Worth keeping an eye on.

XRP

1.9016

-1.72%

SOL

124.72

-1.60%