Interesting rotation narrative, but the data tells a different story. Bank of America actually increased exposure to BlackRock’s $IBIT to $37M in Q1 while trimming $ETH and $SOL ETF positions. Their total crypto AUM still sits near $52M. So this doesn’t look like money fleeing $BTC , if anything, institutions still seem most confident in Bitcoin exposure while selectively reducing risk elsewhere. $XRP and $HYPE are definitely gaining attention, but $BTC remains the institutional anchor for now.
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