Bitcoin and Ethereum ETFs have cooled off fast this year. As hopes for early Fed rate cuts fade, a lot of money is heading for the exit.

Most of the inflows seen since January are already gone. Bitcoin ETFs took the biggest hit last week, with hundreds of millions flowing out, and Ethereum products are also feeling the pressure.

What’s interesting is where the money is going instead. Some altcoins are quietly attracting fresh inflows. $XRP , Solana, and Sui funds all saw new interest, even while $BTC and ETH pulled back.

In short, big names are taking a breather, but investors aren’t leaving crypto altogether. They’re just rotating into smaller, higher-growth plays.