#etf
๐ Rotation to altcoins or just noise? Analysis of fresh ETF data
At first glance, Monday seemed alarming for the main cryptocurrency: spot Bitcoin ETFs lost $64 million, while altcoin funds closed in the black. However, behind the loud headline lies a normal technical picture.
๐ Statistics for the day:
#Ethereum : +$22.5 million (price +0%)
#Hyperliquid : +$17.2 million (price +11%)
XRP and #solana : +$2.8 million each (prices +7% and +6%)
#bitcoin : -$64 million
๐ Why is the "panic" around Bitcoin groundless?
The entire minus of $BTC funds was formed by only one player - Grayscale (GBTC), which lost $124 million due to a banal flight of investors from high commissions.
At the same time, the flagship fund from BlackRock (IBIT) attracted a net +$66 million. Excluding Grayscale, the day for Bitcoin was absolutely standard and positive.
โ๏ธ It is important to understand the scale: Even after this day, Bitcoin-ETFs hold $83 billion in assets, while Ethereum โ $10 billion, and XRP, Solana and Hyperliquid โ only ~$1 billion each.
โ ๏ธ Conclusion: The rapid growth of altcoins logically pulled local inflows into ETFs behind them โ institutionals simply played off the momentum. We can only talk about a real trend reversal and large-scale capital rotation when altcoins show a stable inflow for weeks, not one day.
