June ETF flows paint a brutal picture:

OUTFLOWS:
$BTC -$4.51B
$ETH -$528.99M
$SOL -$786K
Total: -$5.04B

INFLOWS:
$HYPE +$161.05M
$XRP +$59.46M
$LINK +$3.74M
$HBAR +$1.61M
$BNB +$1.45M
$DOGE +$862K
$DOT +$358K
$AVAX +$340K
$LTC +$317K
Total: +$229.19M

Net June Flow: -$4.81B

$BTC took the heaviest hit while $HYPE and $XRP pulled institutional money. Majors bleeding, alts selectively pumping. This is rotation or capitulation?