Bitcoin ETFs just posted six straight days of outflows worth $1.26 billion. But the capital didn’t flee crypto. It shifted. In the last two weeks alone, BTC ETFs lost over $2 billion while ETH ETFs shed $216 million. On-chain data shows roughly 34,000 BTC moving into exchange wallets. Year-to-date net inflows for BTC ETFs have dwindled to just $536 million, nearly erasing all 2026 gains. Jane Street cut its Bitcoin ETF exposure by 71% in Q1, rotating heavily into ETH. So where’s the institutional money going? XRP ETFs pulled in $22 million weekly, with $1.39 billion cumulative since launch. Solana ETFs saw $16 million weekly and $103 million month-to-date in May. HYPE ETFs attracted roughly $72 million weekly. Total alt-crypto ETF inflows hit around $226 million during the same stretch BTC and ETH bled. The spring rally was built on Fed rate cut expectations. Sticky inflation is weakening that narrative. Institutions aren't exiting the space. They're repricing where the next leg of upside lives. Watch whether this rotation accelerates into ETH and alt ETFs or if BTC outflows signal a broader risk-off pivot. Personal analysis only. NFA. DYOR. #ETFRotation $BTC $ETH