I’ve been keeping an eye on ETF capital flows lately and noticed some interesting trends.

On the BTC side, the bleeding has finally stopped—there was a period of consistent outflows, but now small amounts of money are starting to move back in. ETH, on the other hand, isn’t doing so well. After seeing some inflows for a few days, there’s now a large-scale exodus again. BlackRock’s recent moves are telling—they’re cutting their ETH holdings, but their BTC positions remain untouched. It seems big institutions still want to stabilize the BTC market first so that overall sentiment doesn’t collapse.

I also took a look at the altcoin ETFs. SOL’s ETF is indeed the largest, but when it comes to the fastest outflows, XRP takes the lead. I’d already sensed that Wall Street was more interested in Ripple than SOL, and now the data confirms it. HBAR and LTC are seeing money come in at a sluggish pace, and as for DOGE... it’s at the bottom in terms of inflows. Clearly, traditional institutions still aren’t very interested in Meme coins.